Summary: Acuity Brands Inc. Apr 02
Standard & Poors, April 2002
Abstract
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.
Action: Review
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.
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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