StandardAero Announces Upgraded S&P Rating

Key Terms

s&p global ratings financial

S&P Global Ratings is a major credit rating service that evaluates the ability of governments, companies and financial products to repay debt, assigning letter grades much like a credit score or report card. Investors, lenders and regulators use those grades to judge risk, set interest rates, decide whether to buy bonds or loans, and determine eligibility for certain funds; changes in a rating can affect borrowing costs and market value.

issuer credit rating financial

An issuer credit rating is an independent grade assigned to a company or government that summarizes how likely it is to meet its debt obligations, like a credit score or report card for a borrower. Investors use it to judge risk: a higher rating means lower chance of default and usually lower borrowing costs, while a lower rating signals greater risk and can make bonds more expensive or volatile, affecting returns and portfolio decisions.

senior secured debt financial

Senior secured debt is a loan or bond that has first claim on specific company assets if the company cannot meet its obligations; “senior” means it ranks ahead of other debts and “secured” means it is backed by collateral. Investors care because it usually carries lower risk and lower interest than unsecured debt: in a default holders of senior secured debt are likeliest to recover some money, so this status affects expected returns and safety compared with other claims.

corporate family rating financial

A corporate family rating is a single credit score assigned to an entire group of related companies that reflects the likelihood the group can meet its financial obligations. It looks at the combined strength of the parent and core subsidiaries rather than any one bond or loan. Investors use it like a household credit score: it helps judge overall default risk, influences borrowing costs and bond prices, and guides decisions about exposure to the whole corporate group.

senior secured revolving credit facility financial

A senior secured revolving credit facility is a multi‑use bank lending line that a company can draw, repay and redraw as needed, backed by specific assets and ranked first in repayment order if the company defaults. Think of it like a collateralized credit card that gives flexible short‑term cash while lenders hold priority to recover their money; investors watch it because it affects a company’s liquidity, borrowing cost, and who gets paid first in financial distress.

maintenance, repair and overhaul (mro) technical

Maintenance, repair and overhaul (MRO) describes the ongoing work and supplies needed to keep physical assets — like factories, vehicles, aircraft or machines — safe and running. Think of it like regular servicing and occasional major fixes for a car: it costs money now but prevents costly breakdowns, extends useful life, and affects revenue by reducing downtime; investors watch MRO spending to judge future expenses, reliability and capital needs.

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SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- StandardAero, Inc. (NYSE: 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 S&P Global Ratings (“S&P”) recently upgraded the Company’s credit ratings based on its investments in strategic expansion, stable margin profile, consistent top line growth as well as positive cash flow expansion.

S&P raised its issuer credit rating on StandardAero to ‘BB’ from ‘BB-,’ while simultaneously raising its issue-level ratings on the Company’s senior secured debt to ‘BB’ from ‘BB-.’

“S&P Global Ratings’ recent upgrade reflects the strength of our competitive positioning and the sustained demand we are seeing across our global MRO ecosystem,” said Dan Satterfield, Chief Financial Officer for StandardAero. “Amid ongoing capacity constraints within the industry and sustained customer demand, our differentiated platform portfolio positions us to drive long-term growth, expand profitability, and deliver robust cash generation.”

The S&P credit rating upgrade follows Moody’s announcement in May 2026 that it was upgrading StandardAero’s corporate family rating, senior secured first lien term loan B1 and B2, and senior secured revolving credit facility.

StandardAero 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 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 is an NYSE listed company under the ticker symbol SARO. For more information about StandardAero, go to www.standardaero.com.

Forward-Looking Statements

This press release contains forward-looking statements that involve substantial risks and uncertainties. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. In some cases, you can identify forward-looking statements by the words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will” or “would” and/or the negative of these terms, or other comparable terminology intended to identify statements about the future. These statements include statements regarding our intentions, beliefs or current expectations concerning, among other things, the expected impact of S&P Global Ratings’ upgraded issuer credit rating and issue-level ratings for the Company, and our results of operations, financial condition, liquidity, prospects, growth and strategies. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Factors that could cause actual results to differ materially from those forward-looking statements include, among others, risks described in our Annual Report on Form 10-K for the year ended December 31, 2025 and our other filings with the Securities and Exchange Commission. As a result of these factors, we cannot assure you that the forward-looking statements in this press release will prove to be accurate. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by us or any other person that we will achieve our objectives or plans in any specified time frame or at all. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements. Forward-looking statements speak only as of the date of this press release. We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260616154224/en/

Media Contact:
Jake Saylor, VP Marketing & Communications
+1 602-209-1029
Jake.saylor@standardaero.com

Investor Contact:
Rama Bondada, VP Investor Relations
+1 480-377-3196
Rama.bondada@standardaero.com

Source: StandardAero, Inc.