Research Update: Acuity Brands Inc. Rating Raised To 'BBB' From 'BBB-' On Financial Profile Strength; Outlook Stable Dec 13
- Language: English
- Published: December 2013
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.
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Acuity Brands Inc.