The ratings on U.K.-based aerospace company Rolls-Royce PLC reflect the company's strong market positions in the civil and military aviation industries, which should continue to grow over the long term. The ratings also reflect the company's development of substantial revenues from its long-term aftermarket service business and its strong financial profile. These factors are partly tempered by the highly competitive and cyclical nature of the industries in which the group operates and by the company's exposure to the current weakness of the U.S. dollar. Rolls-Royce is well placed for the future, being an engine supplier to two key civil wide-body jet programs: the Trent 1000 for the Boeing 787 midsize jet and the Trent 900 for the Airbus A380 large
