• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
SGS International Inc. Apr 11 Product Image

SGS International Inc. Apr 11

  • Published: April 2011
  • Region: Global
  • Standard & Poors

Good market position as one of the largest providers of graphic services; Long-term relationships with major consumer goods companies; and Moderate capital spending requirements. Lack of clear articulation of financial policy; Small cash flow base; and Customers' pressure on pricing given overcapacity in the industry. The 'B+' corporate credit rating reflects SGS International Inc.'s aggressive financial profile, given its ownership by an equity sponsor, and ongoing uncertainty regarding longer-term financial policy. Although the company has shown a commitment to debt repayment, the lack of a clear articulation of financial policy constrains the rating. SGS has a weak business risk profile, in our view, occupying a niche market position in a highly fragmented industry and is subject to pricing pressure. We...

Companies mentioned in this report are:
- SGS International Inc.

Action: Review

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 READ MORE >

- SGS International Inc.

Note: Product cover images may vary from those shown