S&P shifts Heico view to stable

S&P said it revised the outlook for the Heico Cos. LLC to stable from negative and affirmed the BBB- issuer rating.

“We forecast Heico will maintain leverage well below 2x over the next two years, providing sufficient cushion to our downgrade trigger. Improving industrial activity will likely result in increased sales and stronger profitability in Heico's metals and manufacturing business units, benefiting EBITDA generation and leverage,” S&P said in a press release.

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