...+ U.S.-based Westinghouse Air Brake Technologies Corp. (Wabtec) is planning to issue $750 million of senior notes due 2026 to partially finance its acquisition of Faiveley Transport. + We are assigning our '###' issue-level rating to the company's senior notes due 2026. + At the same time, we are affirming our '###' corporate credit rating on Wabtec. + The stable outlook reflects our belief that the company's performance will remain adequate despite the weak demand in its freight business. In addition, we expect Wabtec to maintain a leverage metric of between between 1.5x and 2.0x over the next 12-24 months pro forma for the Faiveley acquisition. NEW YORK (S&P Global Ratings) Oct. 31, 2016--S&P Global Ratings said today that it has assigned its '###' issue-level rating to Westinghouse Air Brake Technologies Corp.'s proposed $750 million senior notes due 2026. At the same time, we affirmed our '###' corporate credit rating on the company. The outlook remains stable. "The affirmation follows...
