Home Credit Ratings and Research S&P Global Ratings’ Credit Research Precision Castparts Corp.

Precision Castparts Corp.'s $200 Million Senior Notes Rated 'BBB-'; Other Ratings Affirmed

Published Feb 29, 2000

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Abstract:

NEW YORK (Standard&Poor's CreditWire) Feb. 29, 2000--Standard&Poor's today assigned its triple-'B'-minus rating to Precision Castpart Corp.'s $200 million senior note issue due 2005. Proceeds will be used to repay bank borrowings. At the same time, outstanding ratings on the company are affirmed. Ratings on Precision Castparts are based on leading niche positions in most of its markets, some business diversity, and incorporate expectations of a material strengthening in credit protection measures over the next two years. The November 1999 debt-financed acquisition of Wyman-Gordon Co. raised Precision Castparts' financial risk and resulted in subpar credit protection measures. Standard&Poor's anticipates that the company's sizable free cash flow (aided by a reduction in the capital spending) will

Report Type:

Ratings Action

Ticker

PCP

Issuer

Precision Castparts Corp.

GICS

Aerospace & Defense (20101010)

Sector

Global Issuers

Country

United States

Region

United States

Format:

HTML

Summary: Precision Castparts Corp. – 2001/10/05 – US$ 225.00

Summary: Precision Castparts Corp. – 2002/04/03 – US$ 225.00

Precision Castparts Corp. Outlook to Stable From Negative – 2002/06/25 – US$ 150.00

Research Update: Precision Castparts Corp. – 2002/06/25 – US$ 225.00

Summary: Precision Castparts Corp. – 2002/09/04 – US$ 225.00

Outlook on Precision Castparts Corp. Revised to Stable from Negative – 2000/02/17 – US$ 150.00

Precision Castparts Ratings Lowered; Wyman-Gordon Ratings Withdrawn; Off CreditWatch – 1999/06/11 – US$ 150.00

Precision Castparts and Wyman-Gordon Placed on Watch After Acquisition Agreement – 1999/05/17 – US$ 150.00

S&P Rates Precision Castparts' $600M Comm Paper A-2 – 1998/10/02 – US$ 150.00

S&P Rts Precision Castparts' $150 Mil Nts and BLR BBB – 1997/12/05 – US$ 150.00

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MLA:	S&P Global Ratings’ Credit Research. "Precision Castparts Corp.'s $200 Million Senior Notes Rated 'BBB-'; Other Ratings Affirmed" Feb 29, 2000. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Precision-Castparts-Corp-s-200-Million-Senior-Notes-Rated-BBB-Other-Ratings-Affirmed-142605>

APA:	S&P Global Ratings’ Credit Research. (). Precision Castparts Corp.'s $200 Million Senior Notes Rated 'BBB-'; Other Ratings Affirmed Feb 29, 2000. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Precision-Castparts-Corp-s-200-Million-Senior-Notes-Rated-BBB-Other-Ratings-Affirmed-142605>

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