- Language: English
- Published: October 2012
- Region: Venezuela
Summary: Valspar Corp. May 11
- Published: May 2011
- Standard & Poors
The ratings on Minneapolis-based paints and coatings producer Valspar Corp. reflect the company's solid business positions in its diversified coatings portfolio (generating annual sales of about $3.5 billion) and relatively stable EBITDA margins. The ratings also reflect value-added technologies, low-cost production, and an expanding international presence--especially its wood coatings in Asia, in addition to its coil and packaging coatings worldwide. International sales accounted for 40% of overall fiscal 2010 sales. The cyclicality of industrial end markets, as well as Valspar's vulnerability to raw material inflation and supply shortages, temper these strengths. Standard & Poor's Ratings Services characterizes Valspar's business risk profile as satisfactory and its financial risk profile as intermediate. Valspar derived about 34% of fiscal 2010 sales from industrial...
Companies mentioned in this report are: Valspar Corp.
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 >