Summary: Baker Tanks Inc.
Standard & Poors, October 2004
Abstract
Ratings on Baker Tanks Inc. reflect its relatively small revenue base, participation in the small containment rental equipment sector, and a weak financial profile. Positive credit factors include the company's position as one of the largest suppliers of containment rental equipment in the U.S. and its relatively stable cash flow. Seal Beach, Calif.-based Baker Tanks operates through a network of 41 locations and maintains over 15,000 rental units, including steel tanks, polyethylene tanks, intermodal and roll-off containers/boxes, pumps, pipes, hose and fittings, tank trailers, berms, and filtration products. Baker Tanks' customers lease these products for the storage of water, chemicals, and waste streams; storage and transportation of solid waste; pumping of groundwater, municipal waste, and other fluids; and separation of...
Companies mentioned in this report are: BakerCorp
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 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.
BakerCorp
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