U.S.-based Westinghouse Air Brake Technologies Corp. (Wabtec) is performing at a level commensurate with a higher rating. We are raising our corporate credit rating on Wabtec to 'BBB' from 'BBB-'. The outlook is stable. We are also revising the company's liquidity assessment to "strong" from "adequate." The stable outlook reflects our expectation that the company will continue its track record of good operating performance while adhering to a moderate financial policy. On June 15, 2015, Standard&Poor's Ratings Services raised its corporate credit and senior unsecured debt ratings on Wilmerding, Pa.-based rail equipment supplier Westinghouse Air Brake Technologies Corp. to 'BBB' from 'BBB-'. The outlook is stable. We based our upgrade primarily on a reassessment of Wabtec's financial risk
