- Language: English
- 101 Pages
- Published: March 2011
- Region: Middle East
Summary: Mondi Group
- Published: May 2011
- Standard & Poors
The rating on Mondi Group continues to reflect its favorable cost position with a well-invested asset base, leading position in emerging markets, and meaningful geographic and end-market diversity. It also reflects a significantly improved operating and financial performance, which could translate into a higher rating over the near term. These factors are balanced by medium-term risk factors, particularly Mondi's exposure to competitive and cyclical paper and packaging markets. Key business and profitability developments Despite severe cost inflation for key production inputs such as wood, recycled fiber, and energy, Mondi achieved adjusted operating margins for full-year 2010 of about 15% (13.2% in 2009). The improvement came primarily as a result of a broad recovery in demand which, together with industry capacity...
Companies mentioned in this report are: Mondi Group
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.
SHOW LESS READ MORE >