The coronavirus pandemic will likely reduce the demand for Textron Inc.'s business jets, commercial helicopters, auto fuel tanks, and specialized vehicles. Therefore, we are affirming all of our ratings on Textron, including our 'BBB/A-2' issuer credit rating, and are placing them on CreditWatch with negative implications. We expect to resolve the CreditWatch when we receive additional information about the effect of the coronavirus on the company's earnings and cash flow. The majority of Textron's business segments will likely see reduced demand because of the effects of the coronavirus pandemic on the global economy. Specifically, the company's business jets (39% of revenue), commercial Bell helicopters (10%), and industrial segment (27%), which comprises Kautex (fuel tanks for vehicles) and specialized vehicles, will
