New York, July 27, 2015 -- Moody's Investors Service ("Moody's") affirmed the Baa3 senior unsecured rating of Westinghouse Air Brake Technologies Corporation ("Wabtec") following Wabtec's announcement that it intends to acquire Faiveley Transport S.A. ("Faiveley"), a leading European provider of rail transportation equipment and services, for approximately $1.8 billion, including assumed debt. Wabtec plans to fund the acquisition with available cash, existing credit facilities and potentially other debt financing, as well as through issuing convertible preferred stock. The rating outlook remains stable.

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