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Boise Cascade LLC
Standard & Poors, May 2011
Abstract
Strong liquidity; No debt maturities before 2014; and Improving cost structure. Highly cyclical wood products markets; Competitive and fragmented distribution industry; and Prospects for continued weak credit measures for at least the next several quarters. The ratings on Boise, Idaho-based, Boise Cascade LLC (BC) reflect the combination of what Standard & Poor's Ratings Services considers to be the company's weak business risk profile and aggressive financial risk profile. BC's earnings and cash flow are subject to wide swings, in tandem with residential construction activity, and the ratings recognize that the company's credit measures are likely to continue to be weak due to cyclically poor financial results over the next several quarters. Our ratings on BC previously included the potential for...
Companies mentioned in this report are: Boise Cascade LLC
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.
Research Type: Full Analysis
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