S&P rates Goodrich notes BBB+

Standard & Poor's said it assigned a BBB+ rating to Goodrich Corp.'s (BBB+/stable) $300 million 6 1/8% senior unsecured notes due 2019 issued under an existing 415 shelf registration.

Proceeds will be used for general corporate purposes, including debt maturities.

"Our ratings on Goodrich are supported by its leading positions in selected aerospace businesses, good liquidity, and improving profitability," S&P analyst Roman Szuper said in a statement.

"These factors are offset by exposure to the cyclical and competitive commercial aerospace market and the significant upfront investment required to participate on new aircraft programs."

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