Westinghouse Air Brake Technologies Corp.'s Proposed $500 Million Senior Unsecured Notes Due 2034 Rated 'BBB'

PRINCETON (S&P Global Ratings) Feb. 26, 2024--S&P Global Ratings today assigned its 'BBB' issue-level rating to Westinghouse Air Brake Technologies Corp.'s (Wabtec) proposed $500 million senior unsecured notes due 2034. The company will use the proceeds from these notes for general corporate purposes, including to repay debt. Earlier today, we raised our issuer credit rating on Wabtec to 'BBB' from 'BBB-'. For the complete issuer credit rating rationale, please see the research update published Feb. 26, 2024, on RatingsDirect. Criteria Corporates General: Corporate Methodology, Jan. 7, 2024 Criteria Corporates General: Methodology: Management And Governance Credit Factors For Corporate Entities, Jan. 7, 2024 General Criteria: Environmental, Social, And Governance Principles In Credit Ratings, Oct. 10, 2021 General

...- Criteria | Corporates | General: Corporate Methodology, Jan. 7, 2024 - Criteria | Corporates | General: Methodology: Management And Governance Credit Factors For Corporate Entities, Jan. 7, 2024 - General Criteria: Environmental, Social, And Governance Principles In Credit Ratings, Oct. 10, 2021 - General Criteria: Group Rating Methodology, July 1, 2019 - Criteria | Corporates | General: Corporate Methodology: Ratios And Adjustments, April 1, 2019 - Criteria | Corporates | General: Reflecting Subordination Risk In Corporate Issue Ratings, March 28, 2018 - Criteria | Corporates | General: Methodology And Assumptions: Liquidity Descriptors For Global Corporate Issuers, Dec. 16, 2014 - General Criteria: Methodology: Industry Risk, Nov. 19, 2013 - General Criteria: Country Risk Assessment Methodology And Assumptions, Nov. 19, 2013 - General Criteria: Principles Of Credit Ratings, Feb. 16, 2011...

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