As for its new Moody’s rating, the ratings agency says, “The B1 CFR favorably reflects the significant reduction in both debt and pension obligation following emergence from Chapter 11 and the company’s exit from its unprofitable Hawker Jet business and related warranties.”

Moody’s also believes that the parts and services operations provide stable, predictable profits. While the company dropped certain warranty and support obligations, Miller and Boisture assured customers that “the company continues to provide service, maintenance, parts and technical support through its Hawker Beechcraft Services facilities and Hawker Beechcraft Parts and Distribution network for the full line of Hawker and Beechcraft products.”

Moody’s is also optimistic about the new company’s order outlook. “We expect the post-bankruptcy Beechcraft to demonstrate solid near-term order bookings driven by pent-up demand, an improving economic backdrop and the introduction of product upgrades,” the rating’s agency says, and adds it expects a “sequential improvement in earnings and cash flow beginning in late 2013.”

But the agency is doubtful it will upgrade the rating before a “meaningful improvement in earnings coupled with a reduction in debt.”