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Issuer Ranking: Global Auto Suppliers, Strongest To Weakest Jan 09 Product Image

Issuer Ranking: Global Auto Suppliers, Strongest To Weakest Jan 09

  • ID: 1785755
  • January 2009
  • Region: Global
  • Standard & Poors

FEATURED COMPANIES

  • Accuride Corp.
  • Bridgestone Corp.
  • Europcar Groupe S.A.
  • Johnson Controls Inc.
  • Meritor Inc.
  • Stoneridge Inc.
  • MORE

Abstract
As North American auto suppliers prepare to announce results for the fourth quarter of 2008, Standard & Poor's Ratings Services believes that most of their reports will support our view that already very high levels of credit risk will increase, and not abate in at least the first part of 2009. Recession has also hit European auto suppliers hard. The decrease in auto registrations in the last quarter of 2008 was about 15% in Western Europe. We also see an extremely tough 2009, and we expect auto registrations in Western Europe this year to be at least in line with 2008's decline of about 8.4%. Japanese auto suppliers are in similar straits as their U.S. and European counterparts. They expect...

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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

Note: Product cover images may vary from those shown

- Cooper Tire & Rubber Co.
- Dana Holding Corp.
- Federal-Mogul Corp.
- The Goodyear Tire & Rubber Co.
- Johnson Controls Inc.
- Mark IV Industries Inc.
- Robert Bosch GmbH
- Metaldyne LLC
- Exide Technologies
- Denso Corp.
- Lear Corp.
- Harman International Industries Inc.
- Hayes Lemmerz International Inc.
- Magna International Inc.
- BorgWarner Inc.
- Penske Automotive Group Inc.
- Accuride Corp.
- FleetPride Corp.
- Sonic Automotive Inc.
- Group 1 Automotive Inc.
- Stoneridge Inc.
- American Axle & Manufacturing Holdings Inc.
- Standard Motor Products Inc.
- GKN Holdings PLC
- Bridgestone Corp.
- Tenneco Inc.
- Continental AG
- Autoliv Inc.
- Visteon Corp.
- Meritor Inc.
- Shiloh Industries Inc.
- Knorr-Bremse AG
- Compagnie Generale des Etablissements Michelin S.C.A.
- AutoNation Inc.
- MetoKote Corp.
- Asbury Automotive Group Inc.
- Hilite International Inc.
- Toyota Industries Corp.
- TRW Automotive Inc.
- United Components Inc.
- Tomkins Finance Ltd.
- Aisin Seiki Co. Ltd.
- Lazy Days' R.V. Center Inc.
- Duerr AG
- A.T.U. Auto-Teile-Unger Holding GmbH
- Affinia Group Inc.
- Cooper-Standard Automotive Inc.
- American Tire Distributors Inc.
- Piaggio & C. SpA
- Commercial Vehicle Group Inc.
- Europcar Groupe S.A.
- KAR Auction Services Inc.
- Delance Ltd.
- Allison Transmission Inc.
- LKQ Corp.

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

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