Issuer Ranking: European Transportation Companies, Stongest To Weakest Sep 10
Standard & Poors, September 2010
Abstract
During the first six months of 2010, European transportation companies reported increasingly improving operating conditions and profitability. These factors have been supported by the global economic recovery, which continued to be buoyed by fiscal stimulus packages and assisted by the upswing in emerging economies such as Latin America and Asia. The successful implementation of cost-saving programs, strong demand from China for raw materials, and lower hedged fuel prices have also helped to facilitate the improvement. We currently forecast a continued, modest growth in the eurozone economies--with GDP growth of 1.7% in 2010, and 1.9% in 2011. While we believe that this will support a trend of ongoing improvement for European transportation companies in the second half of this year, the...
Companies mentioned in this report are:
- Deutsche Lufthansa AG
- British Airways PLC
- PostNL N.V.
- Stagecoach Group PLC
- Nobina AB
- FirstGroup PLC
- Deutsche Post AG
- Ship Finance International Ltd.
- Logwin AG
- CEVA Group PLC
- Navios Maritime Holdings Inc.
- SAS AB
- The Go-Ahead Group PLC
- Avincis Mission Critical Services Holdings, S.L.U.
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.
- Deutsche Lufthansa AG
- British Airways PLC
- PostNL N.V.
- Stagecoach Group PLC
- Nobina AB
- FirstGroup PLC
- Deutsche Post AG
- Ship Finance International Ltd.
- Logwin AG
- CEVA Group PLC
- Navios Maritime Holdings Inc.
- SAS AB
- The Go-Ahead Group PLC
- Avincis Mission Critical Services Holdings, S.L.U.
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW4
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
