Research Update: Acuity Brands Inc. Rating Raised To 'BBB' From 'BBB-' On Financial Profile Strength; Outlook Stable Dec 13
- Language: English
- Published: December 2013
On April 17, 2002, Standard & Poor's assigned its rating to Acuity Brands Inc.'s $205 million senior unsecured bank revolving credit facility, which consists of a $102.5 million 364-day revolving credit facility and a $105.5 million three-year revolving credit facility. At the same time, Standard & Poor's affirmed its long-term corporate credit rating on Atlanta, Ga.-based Acuity Brands, a leading domestic manufacturer of lighting fixtures and cleaning chemicals. The ratings reflect Acuity Brands' solid business positions and temporarily sub-par financial profile. Acuity Brands has brand-name products and serves a diverse market and customer base. A sizable portion of sales goes to the replacement and retrofits markets, or is consumed in use. Capital intensity is limited. These characteristics should enable the...
Companies mentioned in this report are: Acuity Brands Inc.
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Acuity Brands Inc.