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Industry Credit Outlook: North American Transportation Continues To Move Forward Despite The Uneven Economic Recovery And Rising Fuel Prices Jan 11
Standard & Poors, Jan 2011
Abstract
North American transportation companies continued to report mostly improving results through the third quarter of 2010, and we believe these firms, some of which have already reported fourth-quarter results, sustained this trend through the remainder of the year. This comes despite a U.S. economy that slowed a bit during the third quarter, but has picked up some momentum more recently. Standard & Poor's Ratings Services expects continued moderate economic growth and somewhat higher oil prices this year. Our economists' most recent forecast estimates that U.S. real GDP grew of 2.9% in 2010 and projects 2011 projects 3.0% in 2011, noticeably better than the 2.4% gain they foresaw only two months ago(see 'U.S. Economic Forecast: A More Prosperous 2011?' published Jan....
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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