Summary: Acuity Brands Inc. Jun 06
Standard & Poors, June 2006
Abstract
The ratings on Acuity Brands Inc. reflect the Atlanta, Ga.-based company's leading market positions in lighting fixtures and specialty chemicals. Acuity Brands also has an adequate financial profile, which Standard & Poor's Ratings Services expects the company to maintain in the intermediate term as it pays down debt. Acuity Brands, a holding company, is the largest leading domestic maker of lighting fixtures and a leading producer of specialty chemicals. The company has branded name products and serves a diverse market and customer base. A sizable portion of sales goes to the replacement and retrofit markets, and the company's specialty chemicals products are consumable. These characteristics should enable the company to somewhat limit cyclical exposure and cash flow volatility. Because of...
Companies mentioned in this report are: Acuity Brands Inc.
Action: Review
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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Acuity Brands Inc.
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