The coronavirus pandemic has caused many airlines to cut back on the number of flights they are operating, which will likely reduce the demand for AAR Corp.'s maintenance, repair, and overhaul (MRO) services and aftermarket parts. Although this will likely reduce its earnings and cash flow over the next 12-24 months, we feel that the company has a substantial cushion in its credit metrics at the current rating. Therefore, we are affirming our 'BB+' issuer credit rating on AAR. The stable outlook reflects our expectation that the company's credit metrics will likely deteriorate but remain appropriate for the current rating despite its reduced earnings stemming from the coronavirus pandemic. Health and safety Our stable outlook on AAR Corp. reflects our
