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Criteria | Corporates | Industrials: Standard & Poor's Revises Its Metal Price Assumptions For The Short Term And For 2013 And Beyond Jun 11
Standard & Poors, June 2011
Abstract
Near-term supply fundamentals, Near-term demand fundamentals, Commodity inventory levels, Recent pricing trends, and The level of pricing volatility. Near-term supply fundamentals, such as expectations of near-term capacity additions or, conversely, expectations of declining output in the world's largest mines. For example, if there is an expectation that the global supply of the metal will increase in the near term because of new projects commissioned, this may put pressure on pricing and the discount would increase. In contrast, if global supply is expected to contract in the near term, because, for example, of lower grades expected for key producers and this is not offset by new capacity additions, this may support pricing and the discount would decrease. Near-term demand fundamentals, notably...
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.
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