Moody's affirms MTU's LT Issuer rating at Baa3, outlook negative
Rating Action: Moody's affirms MTU's LT Issuer rating at Baa3, outlook negative. Global Credit Research- 17 Apr 2020. Frankfurt am Main, April 17, 2020-- Moody's Investors Service, has today affirmed MTU Aero Engines AG's long term issuer rating at Baa3.MTU Aero Engines manufacturers engine modules and components, and providers MRO (Maintenance, Repair and Overhaul) services for commercial aero engines. Co.'s activities range through the development, construction, testing and production of new commercial and military engines and spare parts, through to maintenance, repair and overhaul of commercial and military engines. Co.'s segments comprised of: OEM business (Original Equipment Manufacturing), which covers new commercial engines, including spare parts, and the whole of the military sector; and MRO business, which engaged in commercial maintenance activities covering the areas of maintenance and logistical support for commercial engines.
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