Trinity Industries, Inc. Announces its Corporate Credit Rating is Upgraded
to Investment Grade by Standard & Poor’s Ratings Services
DALLAS -- May 29, 2013
Trinity Industries, Inc. (NYSE: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
“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
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
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