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S&P: DAE Aviation view stable
Standard & Poor's said it affirmed its ratings, including the B- corporate credit rating, on DAE Aviation Holdings Inc.
The outlook was revised to stable from negative.
"The outlook revision reflects DAE Aviation's successful refinancing of its credit facilities in November 2012, when it pushed out upcoming maturities and loosened covenants that the company would likely have otherwise violated in the next few quarters," S&P credit analyst Christopher DeNicolo said in a news release.
The new revolver is $150 million, up from $100 million, and the new term loan is $545 million, up from $470 million.
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