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Outlook On U.S. Capital Goods Sector Moderating But Still Favorable Apr 07

  • ID: 1751995
  • April 2007
  • Region: United States
  • Standard & Poors
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FEATURED COMPANIES

  • Amsted Industries Inc.
  • CNH Global N.V.
  • Cummins Inc.
  • Eaton Corp.
  • Foster Wheeler AG
  • Illinois Tool Works Inc.
  • MORE

Abstract
A housing-led slowdown in the U.S. economy is resulting in a more cautious outlook for 2007, but residential construction deterioration has had a limited effect to date on the operating performance and credit quality of capital goods companies rated by Standard & Poor's Ratings Services. The sharp declines in new housing starts and debt-financed remodeling of existing homes will likely continue to exert some downward pressure on the performance of certain companies. Examples of affected segments include construction equipment ( Caterpillar Inc., Deere & Co., CNH Global N.V., and Ingersoll-Rand Co.'s Bobcat business), lighting and wiring ( Hubbell Inc., Cooper Industries Ltd.) and construction materials ( Illinois Tool Works Inc.). In many cases, however, a high degree of business-level diversity...

Companies mentioned in this report are:
- Caterpillar Inc.
- Cummins Inc.
- Deere & Co.
- Eaton Corp.
- Ingersoll-Rand Co.
- Illinois Tool Works Inc.
- Amsted Industries Inc.
- Park-Ohio Industries Inc.
- J.B. Poindexter & Co. Inc.
- Hubbell Inc.
- Foster Wheeler AG
- Neenah Foundry Co.
- CNH Global N.V.
- FastenTech READ MORE >

Note: Product cover images may vary from those shown
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- Caterpillar Inc.
- Cummins Inc.
- Deere & Co.
- Eaton Corp.
- Ingersoll-Rand Co.
- Illinois Tool Works Inc.
- Amsted Industries Inc.
- Park-Ohio Industries Inc.
- J.B. Poindexter & Co. Inc.
- Hubbell Inc.
- Foster Wheeler AG
- Neenah Foundry Co.
- CNH Global N.V.
- FastenTech Inc.
- Cooper Industries Ltd.

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown

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