New York, January 27, 2016 -- Moody's Investors Service said Ducommun's ratings remain unchanged following the company's sale of a Pittsburgh, PA-based non-core business for $38.5 million in cash (subject to post-closing adjustments). The divestiture is a credit positive for the company, as it is better positioned to focus on its primary growth segments serving the defense and commercial aerospace end markets. Proceeds of the sale strengthen the company's liquidity position and increase its capacity to deleverage through debt reduction. The sale closed on January 22, 2016.
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