ICT Spend Predictions in Medium-sized German Educational Institutions - Estimated ICT budget breakdowns in 2013
- Language: English
- Published: May 2013
- Region: Germany
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
Global network, with leading market positions in international European and Asian express delivery services Dominant position in German Mail market supports group cash flow generation Global No.1 integrated logistics provider Significant disposal proceeds to fund restructuring and provide liquidity Regulatory risk and structural volume decline in Mail division Below-par profitability of businesses outside domestic Mail operations Significant restructuring commitments at U.S. Express Vulnerability to trading volume declines given high level of operational gearing to support global network The rating on Germany-based postal service provider Deutsche Post AG (DP) reflects the group's strong business risk profile, supported in particular by its cash-generative Mail business, its predominant position as a global integrated logistics provider, and its intermediate financial profile. These strengths are,...
Companies mentioned in this report are: Deutsche Post AG,BHW Bausparkasse AG, Hameln,Deutsche Postbank AG,Deutsche Postbank Funding Trust I,Deutsche Postbank Funding Trust II,Deutsche Postbank Funding Trust III,Prosecure Funding Limited Partnership,Deutsche Postbank Funding Trust IV
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Deutsche Post AG,BHW Bausparkasse AG, Hameln,Deutsche Postbank AG,Deutsche Postbank Funding Trust I,Deutsche Postbank Funding Trust II,Deutsche Postbank Funding Trust III,Prosecure Funding Limited Partnership,Deutsche Postbank Funding Trust IV