The Netherlands Defense Industry - Competitive Landscape and Strategic Insights to 2016: Market Profile
- Published: May 2012
- Region: Holland, Netherlands
Standard & Poor's Ratings Services is assigning recovery ratings to U.S.-based Ducommun Inc.'s new senior secured facilities and senior unsecured notes. Our simulated default scenario contemplates a default occurring in 2013 as a result of downward pressure on defense spending and a renewed economic slowdown. We believe that if Ducommun defaulted, a viable business model would remain due to the company's established position as a provider of engineering services and manufacturer of aerostructures and electronics. As a result, lenders would achieve the greatest recovery value through reorganization rather than through liquidation. Ducommun Inc. is raising senior secured facilities, consisting of a $40 million revolver and a $190 term loan, as well as $200 million in unsecured senior notes to finance...
Companies mentioned in this report are:
- Ducommun Inc.
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.
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- Ducommun Inc.