Moody's lifts Wesco

Moody's Investors Service said it has upgraded the ratings of Wesco Aircraft Hardware Corp., including the corporate family rating to B1, probability of default rating to B1, guaranteed senior secured first-lien bank credit facility to Ba3, as well as the company's senior secured second-lien term loan to B3.

The outlook was changed to stable from positive.

According to Moody's, Wesco's B1 corporate family rating is supported by the continued strong operating margins and bottom line profitability and the expectation of positive free cash flow generation.

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