What Happened
Investors Weigh Stronger Demand and Improved Credit Profile
Safran’s stock price has gained modestly after a recent rating upgrade from Standard & Poor’s, which raised the company’s long-term credit rating to A from A minus. The upgrade reflects improved balance sheet metrics and stronger cash generation for the aerospace and defense group. Safran’s shares have been oscillating in a relatively tight band around the low EUR 320s to mid-EUR 330s, with investors weighing the implications of global aerospace demand. This development was first reported by Unknown Source.