Moody's assigns Ba2 CFR to AAR CORP. and Ba2 to senior unsecured notes; outlook stable
Moody's Investors Service (Moody's) assigned ratings to AAR CORP. ("AAR"), including a Ba2 corporate family rating ("CFR") and Ba2-PD probability of default rating. Concurrently, Moody's assigned a Ba2 rating to the company's planned senior unsecured notes due 2029 ("Notes") and an SGL-2 speculative...AAR is a provider of products and services to the aviation and government and defense markets. The company reports its activities in two business segments: Aviation Services and Expeditionary Services. The Aviation Services segment provides aftermarket support and services for the commercial aviation and government and defense markets. In this segment, the company also provides inventory management and distribution services, maintenance, repair and overhaul, and engineering services. The Expeditionary Services segment consists of businesses that primarily provide products and services supporting the movement of equipment and personnel by the U.S. and foreign governments and non-governmental organizations.
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
- 130 countries
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76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.
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