A trusted source of Asia-Pacific commercial aviation news and analysis
Asia-Pacific Aerospace Briefs Today
Moody’s Investors Service has affirmed Singapore Technology Engineering’s (ST Engineering) Aaa issuer rating, but reassessed its baseline credit assessment from baa1 To a3. Read More » Moody’s vice president and senior analyst, Nidhi Dhruv, said the affirmation of the Aaa rating reflected its expectation of strong support from the Singapore Government. Dhruv said the downgrade to baa1 reflected an expectation of a deterioration in the company’s financial profile and liquidity following its announcement of a debt funded acquisition of U.S.-based TransCore for US$2.68 billion on a cash-free and debt-free basis.
SIA Engineering Company (SIAEC) has sold its 39.2% stake in Asian Surface Technologies (AST) for US$2.79 million in cash. SIAEC’s decision to divest AST, which repairs aircraft engine fan blades and provides corrosion resistant coating services, was due to declining work volume at the company.
Response(s). Share your ideas.
reynold dan says:
August 28th 2024 09:22pm
Herston Detty says:
August 20th 2024 02:48pm
Herston Detty says:
August 20th 2024 02:37pm
Richard says:
August 19th 2024 10:03am
Gerald Broth says:
June 18th 2024 03:31am
Gerald Broth says:
June 18th 2024 03:31am
Gerald Broth says:
June 18th 2024 03:31am
George Clifford says:
July 8th 2022 10:38am
SPEAK YOUR MIND
Your email address will not be published. All fields are required.
© Orient Aviation Media Group. All Rights Reserved.
Morris White says:
August 31st 2024 10:43am