|
|
 |
|
Viewing report
|
|
|
|
Industry Report Card: High Tech Credit And Industry Trends Show Continued Stabilization Dec 09
Standard & Poors, Dec 2009
Abstract
Negative rating changes in the High Tech sector slowed considerably in the second half of 2009, reflecting the recent stabilization of conditions for the semiconductor, components, and hardware markets. Sharp declines in the tech sector began in the fourth quarter of 2008, which along with the ongoing recession and difficult credit market conditions, resulted in significant credit deterioration. However, by the third quarter, most companies reported results showing the first sequential improvements, despite continued year-over-year declines. Reflecting Standard & Poor's Ratings Services' assumption that leverage measures peaked in the September quarter, and will gradually decline in the future, negative rating activity has declined substantially. As a result, rating trends have improved significantly since June and we anticipate that they will...
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.
|
|
|
|
