Moody's upgrades StandardAero

Moody's Investors Service said it upgraded its ratings for Dynasty Acquisition Co., Inc. (StandardAero), including the corporate family rating to B3 from Caa1, the probability of default rating to B3-PD from Caa1-PD and the ratings on the senior secured bank credit facility to B3 from Caa1.

Concurrently, the agency raised the ratings on the senior secured bank credit facility at the Canadian borrower, 1199169 B.C. Unlimited Liability Co. to B3 from Caa1.

“The upgrades reflect Moody's expectations of gradual but sustained earnings growth and strengthening of credit metrics over the next 18 months,” the agency said in a press release.

The outlook is stable.

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