Global Defense Suppliers' Outlook Survey 2012-2013: Industry Dynamics, Market Trends and Opportunities, Expenditure and Marketing Strategies
- Published: May 2012
- Region: Global
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
The 'B' corporate credit rating and the stable outlook on Greenwood Village, Colo.-based NextMedia Operating Inc. reflect Standard & Poor's Rating Services' expectation that NextMedia will be able to maintain adequate liquidity and cushion of compliance with covenants over at least the coming year and a half. We view NextMedia's business risk profile as weak due to some revenue concentration in the greater Chicago and coastal Carolina markets and negative secular trends facing the radio industry. We view NextMedia's financial risk profile as highly leveraged based on the company's high debt leverage and modest discretionary cash flow. NextMedia emerged from bankruptcy on May 27, 2010. The company's financial covenants tighten aggressively and we believe NextMedia will need to refinance or...
Companies mentioned in this report are: NextMedia Operating Inc.
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NextMedia Operating Inc.