Moody's Ratings upgrades Triumph Group, Inc.'s CFR to B3; outlook stable
Moody's Ratings (Moody's) upgraded the corporate family rating ("CFR") of Triumph Group, Inc. ("Triumph") to B3 from Caa1 and the probability of default rating ("PDR") to B3-PD from Caa1-PD. Concurrently, we affirmed the B2 rating on the senior secured first lien notes due in 2028, with a stable out...Triumph Group designs, engineers, manufactures, repairs, and overhauls a portfolio of aerospace and defense systems, components, and structures. The company provides its products and services through three segments: Triumph Integrated Systems, which is engaged in the design, development and support of proprietary components, subsystems and systems, as well as production of assemblies using external designs; Triumph Aerospace Structures, whose companies supply commercial, business, regional and military manufacturers with metallic and composite structures and produce close-tolerance parts; and Triumph Product Support, whose companies provide solutions for commercial, regional and military aircraft.
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