Westinghouse Air Brake Technologies Corp. Ratings Raised To 'BBB' On Good Operating Performance; Outlook Stable

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. NEW YORK (Standard&Poor's) June 15, 2015--Standard&Poor's Ratings Services today 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

...+ 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 '###' from '###-'. 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. NEW YORK (Standard & Poor's) June 15, 2015--Standard & Poor's Ratings Services today raised its corporate credit and senior unsecured debt ratings on Wilmerding, Pa.-based rail equipment supplier Westinghouse Air Brake Technologies Corp. to '###' from '###-'. The outlook is stable. "We based our upgrade primarily on a reassessment of Wabtec's financial risk profile, as defined in our criteria, reflecting our view that the company's credit measures will remain supportive of a 'modest' financial risk profile," said...

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