GATX Corporation reported Rail North America fleet utilization of 98.1% and a Lease Price Index of 22.3% in the first quarter, while the integration of the acquired Wells Fargo rail operating lease portfolio progressed. On July 1, Fitch affirmed GATX's ratings at BBB+/F2 with a Stable Outlook, citing balance-sheet strength following the expansion of its rail-leasing base. The Wells Fargo acquisition added scale to the company's long-lived railcar fleet. GATX leases transportation assets including railcars, aircraft spare engines, and tank containers.
GATX CorporationFitch affirmed BBB+/F2 rating with Stable Outlook, citing balance-sheet strength after rail-leasing expansion.
Wells Fargo & Company