Industry Credit Outlook: North American Transportation Is Bouncing Back, But A Slowing Economy Could Be A Bump In The Road To Recovery Oct 10
Standard & Poors, October 2010
Abstract
North American transportation companies have, for the most part, reported much better results in the second quarter of 2010. However, Standard & Poor's Ratings Services believes the slowing U.S. and global economies are likely to slacken the pace of further gains. Our economists' most recent forecast scaled back projected U.S. 2010 real GDP growth to 2.6% (from 3.3% in our June 9, 2010, forecast) and trimmed 2011 projected growth to 2.4% from 2.8% (see "Economic Research: U.S. Risks To The Forecast: The Recession is Officially Over...For Now," published Sept. 21, 2010). Our forecast for global GDP growth, at 3.8% in 2010 and 3.5% in 2011, is better, but still relatively subdued (see "Global Economic Outlook: A Two-Tiered Recovery for Developed...
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.
- AMR Corp.
- American Airlines Inc.
- BP PLC
- Con-way Inc.
- United Airlines Inc.
- Delta Air Lines Inc.
- GATX Corp.
- Ryder System Inc.
- Southwest Airlines Co.
- United Air Lines Inc.
- US Airways Group Inc.
- Pacific Life Insurance Co.
- United Continental Holdings Inc.
- Norfolk Southern Railway Co.
- Northwest Airlines Corp.
- AirTran Holdings Inc.
- Aviation Capital Group Corp.
- JetBlue Airways Corp.
- Pacific LifeCorp
- YRC Worldwide Inc.
- Dollar Thrifty Automotive Group Inc.
- Canadian Pacific Railway Ltd.
- Hertz Global Holdings Inc.
- Aircastle Ltd.
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