StandardAero announces upgraded Moody’s ratings

StandardAero (SARO) announced that Moody’s Ratings recently upgraded the Company’s ratings based on its consistent positive earnings performance and diversified position across commercial, business aviation and military end markets globally. Moody’s upgraded StandardAero’s corporate family rating to Ba2 from Ba3 and probability of default rating to Ba2-PD from Ba3-PD. Concurrently, it upgraded the Company’s senior secured first lien term loan B1 and senior secured revolving credit facility to Ba2 from Ba3. Moody’s also upgraded StandardAero Limited’s senior secured first lien term loan B2 to Ba2 from Ba3.