S&P: GATX unaffected

Standard & Poor's said its ratings and outlook on GATX Corp. (BBB-/stable/--) remain unaffected by the company's announcement that it has completed the sale of substantially all the assets and associated nonrecourse debt of its information technology leasing business.

S&P expects the cash generated from the sale of the IT leasing business, curtailment of investing in the specialty finance and venture assets and improving demand in remaining businesses to aid GATX's earnings, cash flow, and balance sheet will result in somewhat improved credit ratios over the near-to-intermediate term.

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