Montreal-based aerospace training and simulation company CAE Inc. 's improved EBIT margin performance, particularly in its defense segment, has contributed to higher operating cash flow generation and lower leverage than our prior estimates. As a result, S&P Global Ratings revised its outlook on CAE to stable from negative. We also affirmed all ratings, including our 'BBB-' long-term issuer credit rating on the company. The stable outlook reflects our expectation for CAE to maintain S&P Global Ratings-adjusted debt to EBITDA at or below 3x over the next few years supported by organic growth, good cost controls, and our view of the company's financial policies. CAE has reported higher revenue growth and profit margins, particularly within its defense business, than we expected
