- Published: May 2012
- Region: United States
Summary: Parker-Hannifin Corp. May 11
- Published: May 2011
- Standard & Poors
Standard & Poor's Ratings Services' ratings on Ohio-based Parker-Hannifin Corp. reflect our view of the company's strong business risk profile as a global leader in the manufacture of motion-control products, serving industrial and aerospace markets. The ratings also reflect the company's modest financial risk profile, which its conservative financial policy characterizes. Demand for Parker-Hannifin's products is broadly tied to industrial and aerospace activity, and acquisitions have played an important role in the company's growth strategy. Management's purposeful emphasis on performance under tough economic conditions helped maintain company credit measures, consistent with our expectations over the cycle. Parker-Hannifin has achieved improved metrics from the subpar levels it experienced over the past economic downturn. The company commands good market presence in a...
Companies mentioned in this report are: Parker-Hannifin 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 >