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Germany-Based ThyssenKrupp Ratings Lowered To 'BB+/B' On Heavy Losses, Weak Prospects; Outlook Stable Product Image

Germany-Based ThyssenKrupp Ratings Lowered To 'BB+/B' On Heavy Losses, Weak Prospects; Outlook Stable

  • Published: November 2009
  • Standard & Poors

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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

Abstract
We anticipate that ThyssenKrupp will show weak credit metrics for the next two years. This view reflects the sharp downturn in steel and other industrial sectors, coupled with ThyssenKrupp's high capital expenditures. We are lowering our long- and short-term ratings on ThyssenKrupp to 'BB+/B' from 'BBB-/A-3'. The stable outlook reflects our opinion that ThyssenKrupp's financial risk profile will stabilize. READ MORE >

ThyssenKrupp AG

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