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Fitch affirms TransDigm
Fitch Ratings said it has affirmed TransDigm Group Inc.'s and its indirect subsidiary TransDigm, Inc.'s issuer default ratings at B with a stable outlook.
Also affirmed are the BB/RR1 ratings for TransDigm, Inc.'s term A loan and senior secured credit facility and the B-/RR5 rating for the senior subordinated notes, the agency noted, adding that roughly $3.1 billion of outstanding debt is covered by these ratings, the agency stated.
The parent company's ratings are supported by the company's strong free cash flow, good liquidity and financial flexibility, which includes a favorable debt maturity schedule, Fitch noted.
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