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Issuer Ranking: North American Transportation Companies, Strongest To Weakest May 10
Standard & Poors, May 2010
Abstract
North American transportation companies are seeing initial signs of increasing demand, but in Standard & Poor's Ratings Services' view, most remain cautious about extrapolating any improvements to a broad and sustained recovery. We expect a sluggish recovery for the U.S. economy, although our forecast has improved somewhat in recent months. Our economists forecast real GDP growth of 3% in 2010 and 2.9% in 2011. This is respectable, but hardly robust, given the severity of the recent downturn. There are now some signs of recovery in most transportation sectors, such as railroads, airlines, and car rentals, but the extent of the gains varies by sector. The following list ranks all the rated companies in this industry from strongest to weakest based...
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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