The Swedish Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016
- Published: October 2011
- Region: Sweden
Sweden-based conglomerate Stena AB's credit ratios are weaker than we expect for the rating. We note that one drilling vessel on order is still uncontracted. We are revising our outlook to negative from stable and affirming the 'BB+' long-term corporate credit rating. The outlook reflects the possibility of a one-notch downgrade if Stena's credit ratios do not sustainably improve over the next year. STOCKHOLM (Standard & Poor's) June 9, 2011--Standard & Poor's Ratings Services revised its outlook on Sweden-based conglomerate Stena AB to negative from stable. At the same time we affirmed our 'BB+' issue rating on Stena's unsecured notes. The recovery rating on the debt remains unchanged at '4'. The outlook revision reflects Stena's performance in 2010 and the...
Companies mentioned in this report are: Stena AB
Action: Outlook: Negative
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
SHOW LESS READ MORE >