|
|
 |
|
Viewing report
|
|
|
|
ABB Ltd. May 07
Standard & Poors, May 2007
Abstract
Sound underlying profitability and a good market outlook for ABB's core Automation Technologies and Power Technologies Strong market positions in two low-risk capital goods markets (power equipment and automation) Well-diversified sales in terms of geographical spread and customer distribution Exposure to market cyclicality and competitive pressure in all key business segments Weak performance in robotics operations due to soft market conditions and changing demand patterns Increased focus on acquisitions The ratings on ABB reflect the group's strong business risk profile, with leading global positions, strong technology bases, and good earnings diversification in its core businesses of power transmission and distribution, and automation. They also reflect the group's modest financial risk profile, including recently strong debt-protection measures and sound free operating...
Companies mentioned in this report are: ABB Ltd.,Emerson Electric Co.,Rockwell Automation Inc.,Siemens AG,ABB Capital B.V.,ABB Asea Brown Boveri Ltd.,ABB Treasury Center (USA) Inc.,ABB Finance Inc.,ABB International Finance Ltd.,Schneider Electric S.A.,ABB Holdings 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.
Research Type: Full Analysis
|
|
|
|
