Fitch assigns Aernnova loan BB

Fitch Ratings said it assigned a BB/RR2 rating to Aernnova Aerospace’s €490 million seven-year term loan and a B+ rating to the company.

“The rating is supported by the group’s high and stable cash flow generation, leading position in the aerostructures market, moderate program diversification, including presence on some successful aircraft program such as the A350 and A320, and a long-term relationship with its chief customer, Airbus,” said Fitch in a press release.

The outlook is stable.

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