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StandardAero Announces Upgraded Moody?s Ratings

BY Business Wire | CORPORATE | 08:00 AM EDT

Upgrades Driven by Strong Financial Performance and Positioning in Global Aerospace Engine MRO Market

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- StandardAero, Inc. (SARO) (?StandardAero? or the ?Company?), a leading independent pure-play provider of aerospace engine aftermarket services including engine maintenance, repair and overhaul (MRO) and engine component repair, announced today that Moody?s Ratings (?Moody's?) recently upgraded the Company?s ratings based on its consistent positive earnings performance and diversified position across commercial, business aviation and military end markets globally.

Moody?s upgraded StandardAero?s corporate family rating (CFR) to Ba2 from Ba3 and probability of default rating to Ba2-PD from Ba3-PD. Concurrently, it upgraded the Company?s senior secured first lien term loan B1 and senior secured revolving credit facility to Ba2 from Ba3. Moody?s also upgraded StandardAero Limited's senior secured first lien term loan B2 to Ba2 from Ba3.

?Moody?s upgrades underscore the strength of our market position and the durability of demand across our global MRO ecosystem,? said Dan Satterfield, Chief Financial Officer for StandardAero (SARO). ?With tight industry capacity, strong customer demand and our differentiated platform portfolio, we are well positioned to capitalize on long-term growth opportunities while continuing to enhance margins and generate strong cash flow.?

StandardAero (SARO) is a leading independent pure-play provider of aerospace engine aftermarket services for fixed- and rotary-wing aircraft, serving the commercial, military and business aviation end markets. StandardAero (SARO) provides a comprehensive suite of critical, value-added aftermarket solutions, including engine maintenance, repair and overhaul, engine component repair, on-wing and field service support, asset management and engineering solutions. StandardAero (SARO) is an NYSE listed company under the ticker symbol SARO. For more information about StandardAero (SARO), go to www.standardaero.com.

Source: StandardAero (SARO)

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