Report

Moody's: Hexcel ratings (incl. Baa3 senior unsecured) unaffected by plans to merge with Woodward

Announcement: Moody's: Hexcel ratings unaffected by plans to merge with Woodward. Global Credit Research- 14 Jan 2020. New York, January 14, 2020-- Moody's Investors Service, said that Hexcel Corporation's announcement that it has entered into a merger agreement with Woodward, Inc. has no impact on ratings at this time, including the Baa3 senior unsecured rating.
Underlying
Hexcel Corporation

Hexcel is a composites company with two reportable segments. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycomb, molding compounds, tooling materials, polyurethane systems and laminates that are incorporated into several applications, including military and commercial aircraft, wind turbine blades, recreational products, transportation and other industrial applications. The Engineered Products segment manufactures and markets composite structures and precision machined honeycomb parts primarily for use in the aerospace industry.

Provider
Moody's Investors Service
Moody's Investors Service

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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