|
|
 |
|
Viewing report
|
|
|
|
Industry Report Card: Auto-Related Suppliers Continue To Benefit As The Global Auto Industry Stabilizes Jul 10
Standard & Poors, July 2010
Abstract
A multiyear recovery in auto demand is gradually gaining momentum, in Standard & Poor's Ratings Services' opinion, and that bodes well for global auto suppliers. A continuing, albeit slow, recovery in auto sales, increased vehicle production, and the capital markets' improved appetite for auto and auto supplier risk support this view. We believe the fair prospects for auto suppliers that we cited early this year will continue and may even be better than our early 2010 assumptions. But the delicate state of the economic recovery in many regions and the omnipresent key industry problems such as overcapacity will continue to loom as threats to credit quality, in our view. We believe the unprecedented level of government support--in its various forms,...
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.
|
|
|
|
