Fitch Affirms Goodrich at 'BBB+'; Outlook Stable Business Wire (press release)
NEW YORK--( BUSINESS WIRE )--Fitch Ratings has affirmed the 'BBB+' Issuer Default Rating (IDR) and debt ratings for Goodrich Corporation (GR) with a Stable Rating Outlook. Approximately $2.4 billion of outstanding debt is covered by these ratings. See the full rating list at the end of this release.
GR's ratings are supported by the company's diversified customer base and portfolio of products; balanced portfolio with sales in three areas (original equipment (OE), aftermarket and defense) each accounting for approximately one third of the company's revenues; positive trends in the commercial aerospace industry, specifically in the large commercial airplane segment and the commercial aftermarket; high content on key aircraft programs including the 787 and the A320, which have a strong near-term and intermediate-term outlook due to rising production rates and large order backlogs; healthy operating margins; strong liquidity and cash flows; high levels of defense spending; and strong positions in some of the DoD's priority areas.
Waste And Abuse: The Refuse Of The Federal Spending Binge (Part 1 of ...
more through identifying savings and recovering money than they cost us. They save us more than they cost us. We need to make sure they have the ...
