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Issuer Ranking: European Business Services Companies, Strongest To Weakest Dec 08 Product Image

Issuer Ranking: European Business Services Companies, Strongest To Weakest Dec 08

  • ID: 1711390
  • December 2008
  • Region: Europe
  • Standard & Poors

FEATURED COMPANIES

  • Adecco S.A.
  • Castle HoldCo 4
  • Compass Group PLC
  • Experian Finance PLC
  • ISS A/S
  • Rentokil Initial PLC
  • MORE

Abstract
Standard & Poor's Rating Services views European business services as a relatively stable segment, one with a low capital intensity that offers service providers continued growth opportunities and healthy free cash flow generation. On the downside, the industry's relatively low barriers to entry lead to fragmented markets and price competition. Service providers are also exposed to the general economic conditions that affect their clients to varying degrees. For example, staffing services are more susceptible to economic downturns than caterers. Rated companies within the business services segment tend to be of average credit quality. This is reflected in the median long-term corporate credit rating, which is in the 'BBB' category. The business services industry encompasses a wide range of niche areas,...

Companies mentioned in this report are:
- Sodexo
- Adecco S.A.
- Experian Finance PLC
- Securitas AB
- Compass Group PLC
- gategroup Financial Services S.a.r.l
- Rentokil Initial PLC
- ISS A/S
- Castle HoldCo 4

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, READ MORE >

- Sodexo
- Adecco S.A.
- Experian Finance PLC
- Securitas AB
- Compass Group PLC
- gategroup Financial Services S.a.r.l
- Rentokil Initial PLC
- ISS A/S
- Castle HoldCo 4

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