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Barry Callebaut AG Oct 07
Standard & Poors, Oct 2007
Abstract
Critical mass and strong purchasing power from the group's position as the only global chocolate products supplier to the food industry Geographic diversity The favorable outsourcing trend in the food industry, which should provide more opportunities to increase sales to key customers Exposure to commodity price and foreign-exchange risks Dependence on sourcing cocoa from countries that are sometimes politically unstable Consumer business profitability below leading peers' The ratings on Switzerland-based Barry Callebaut AG reflect its aggressive financial profile, offset to some extent by its enhanced position as the world's largest and sole independent global supplier of cocoa and chocolate products to the food industry. In May 2007, the company signed a memorandum of understanding for a long-term supply agreement with...
Companies mentioned in this report are: Barry Callebaut AG,Barry Callebaut Services N.V.
Action: Review
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: Full Analysis
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