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Published on 5/20/2021 in the Prospect News Bank Loan Daily, Prospect News Green Finance Daily and Prospect News Investment Grade Daily.

Fitch gives Wabtec notes BBB-

Fitch Ratings said it gave a BBB- rating to Westinghouse Air Brake Technologies Corp.'s planned issuance of €500 million of senior unsecured notes that will be issued through its subsidiary, Wabtec Transportation Netherlands BV. The notes will be guaranteed by the parent.

Fitch affirmed Westinghouse Air Brake’s BBB- ratings on March 29.

Proceeds are expected to be used to refinance upcoming maturities or fund green projects.


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