Report title: Research Update: BE Aerospace Ratings Raised, Removed From CreditWatch Positive; Outlook Positive
from S&P Credit Research
1021 word report published Dec 07, 2005

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Abstract: On Dec. 7, 2005, Standard&Poor's Ratings Services raised its ratings on BE Aerospace Inc., including the corporate credit to 'BB-' from 'B+', and removed them from CreditWatch, where they were placed with positive implications on Nov. 28, 2005. The outlook is positive. About $680 million of debt is outstanding. The upgrade is based on a material improvement in the firm's previously subpar financial profile following an equity offering, with net proceeds intended to redeem $250 million 8% subordinated notes due 2008. At Sept. 30, 2005, pro forma for $233 million raised by the offering (there is also a 15% overallotment option), debt to capital improves to 54% from 78% (adjusted for operating leases), debt to EBITDA to about

Brief Excerpt: RESEARCH Ratings Definitions Research Update: BE Aerospace Ratings Raised, Removed From CreditWatch Positive; Outlook Positive Publication date: 07-Dec-2005 Credit Rating: ##-/Positive/-- Rationale On Dec. 7, 2005, Standard & Poor's...

Report Type: Research Update
Ticker: BEAV
Issuer: BE Aerospace Inc.
GICS: Aerospace & Defense (20101010)
Sector: Aerospace & Defense, Capital Goods, Corporations, Global Issuers
Country: United States
Region: United States
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