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Delphi Automotive Systems Corp.
Standard & Poors, February 2001
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
Delphi Automotive Systems Corp.'s ratings reflect the company's significant scope, product breadth, and global diversity. These factors are offset by significant customer concentration, high labor costs in North America, and cyclical and competitive end markets. Delphi is the world's largest independent supplier of automotive parts, with about $29 billion in annual revenues. The firm produces a broad range of products in electronics and mobile communications (including automotive electronics, and audio and communication systems); safety, thermal, and electrical architecture (including thermal, power, and signal distribution products); and dynamics and propulsion (including energy and engine management, chassis, and steering products). Delphi benefits from the value-added nature of its product portfolio, advanced engineering resources, technological expertise, and a global presence. Offsetting these business...
Companies mentioned in this report are: Delphi Automotive LLP
Delphi Automotive LLP