Trinity Industries, Inc. Announces its Corporate Credit Rating is Upgraded to Investment Grade by St
Trinity Industries, Inc. Announces its Corporate Credit Rating is Upgraded to Investment Grade by Standard & Poor's Ratings Services
DALLAS--(BUSINESS WIRE)-- Trinity Industries, Inc. (NYS: TRN) announced today that Standard & Poor's Ratings Services ("Standard & Poor's") has upgraded the Company's corporate credit rating to BBB-. The new credit rating is considered "investment grade" by market participants. Trinity had maintained a BB+ corporate credit rating by Standard & Poor's since 2007, when its rating was last upgraded by the agency.
"We are pleased with the corporate credit rating upgrade by Standard & Poor's," said James E. Perry, Trinity's Senior Vice President and Chief Financial Officer. "This is a positive acknowledgment of the strength of our diversified industrial portfolio of businesses, as well as our high level of order backlogs for our major products and the stability of earnings and cash flow generated by our growing railcar leasing platform. This upgrade also reflects the strength of our balance sheet and provides us the ability to access the capital markets more efficiently as we pursue growth opportunities."
Trinity Industries, Inc., headquartered in Dallas, Texas, is a diversified industrial company that owns market-leading businesses which provide products and services to the energy, transportation, chemical and construction sectors. Trinity reports its financial results in five principal business segments: the Rail Group, the Railcar Leasing and Management Services Group, the Inland Barge Group, the Construction Products Group, and the Energy Equipment Group. For more information, visit: www.trin.net.
Trinity Industries, Inc.
Jessica L. Greiner, 214-631-4420
Director of Investor Relations
KEYWORDS: United States North America Texas
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