S&P rates Goodrich notes BBB+

Standard & Poor's said it assigned a BBB+ rating to Goodrich Corp.'s offering of $600 million 3.6% senior unsecured notes due 2021. The company issued the notes as a drawdown to its shelf registration and will use the proceeds for general corporate purposes, including debt repayment.

The ratings reflect its leading positions in selected aerospace businesses, strong liquidity and solid profitability, S&P said.

Exposure to the cyclical and competitive commercial aerospace market and the significant upfront investment required to participate in new aircraft programs partly offset these factors, the agency said.

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