Amsted Industries Incorporated -- Moody's affirms Ba2 CFR of Amsted Industries; assigns Ba3 rating to new senior unsecured notes

New York, September 04, 2014 -- Moody's Investors Service ("Moody's") has affirmed the Ba2 Corporate Family Rating ("CFR") of Amsted Industries Incorporated ("Amsted") and the Ba3 rating of Amsted's $600 million senior unsecured notes due 2022. At the same time, Moody's has assigned a Ba3 rating to the new $250 million senior unsecured notes due 2024 that the company plans to issue. The ratings outlook is stable. The ratings consider the favorable prospects for Amsted's Rail Products and Vehicular Products segments, its strong cash flow and limited leverage, balanced against rapidly increasing share repurchase obligations under its Employees' Stock Ownership Plan ("ESOP").

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