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Issuer Ranking: European Transportation Companies, Strongest to Weakest Apr 09 Product Image

Issuer Ranking: European Transportation Companies, Strongest to Weakest Apr 09

  • Published: April 2009
  • Region: Europe
  • Standard & Poors

FEATURED COMPANIES

  • British Airways PLC
  • CMA CGM S.A.
  • Deutsche Post AG
  • Logwin AG
  • PostNL N.V.
  • Stagecoach Group PLC
  • MORE

Abstract
Rapidly deteriorating market conditions, beginning in the final quarter of 2008, are placing downward pressure on ratings in the European transportation sector. The sharp downturn in global trade, challenging funding conditions, and weakening consumer demand have all contributed to precipitous falls in volumes for all transport related activities. Based on current levels of shipping volumes, demand for air cargo services, and evolution of passenger traffic, we anticipate transport activity in the first half of 2009 to show a broadly similar trend to the final quarter of 2008 and to be sharply weaker in 2009 relative to the previous year. We have reviewed a significant number of ratings within the transport sector over the past three months, and factored in the...

Companies mentioned in this report are:
- Deutsche Lufthansa AG
- British Airways PLC
- Stena AB
- PostNL N.V.
- Stagecoach Group PLC
- Nobina AB
- FirstGroup PLC
- Deutsche Post AG
- CMA CGM S.A.
- Ship Finance International Ltd.
- Logwin AG
- CEVA Group PLC
- Navios Maritime Holdings Inc.
- SAS AB

Standard and Poors RatingsXpress Credit Research provides READ MORE >

- Deutsche Lufthansa AG
- British Airways PLC
- Stena AB
- PostNL N.V.
- Stagecoach Group PLC
- Nobina AB
- FirstGroup PLC
- Deutsche Post AG
- CMA CGM S.A.
- Ship Finance International Ltd.
- Logwin AG
- CEVA Group PLC
- Navios Maritime Holdings Inc.
- SAS AB

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