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Issuer Ranking: Global Auto- And Truck-Related Suppliers And Auto Retailers, Strongest To Weakest Sep 10
Standard & Poors, Sep 2010
Abstract
As we approach the end of the third quarter of 2010, Standard & Poor's Ratings Services believes the improved prospects for auto suppliers and retailers that we have cited during the year continue. Many companies have reported some of their strongest margins in many years because of the combination of increases in vehicle production and the benefits of cost reductions. A slow recovery in auto sales, solid (albeit moderating) increases in vehicle production, and the capital markets' improved appetite for auto and auto supplier risk continue to support our sector opinion. Although we believe the momentum toward a multiyear recovery in auto demand continues, the delicate state of the economic recovery in the key North American and European markets, along...
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.
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