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Broadridge Financial Solutions Inc. Jun 11
Standard & Poors, June 2011
Abstract
Good liquidity; Modest debt leverage and strong interest coverage; and Strong franchises in key businesses. Moderately acquisitive and shareholder-friendly management; and Consolidation and concentration of client base. The investment-grade rating on Broadridge Financial Solutions Inc. reflects the company's intermediate financial profile, which highlights good debt service coverage and moderate debt leverage metrics. Additional factors include a satisfactory business profile with a strong franchise in its core businesses, improved risk management, and a moderately acquisitive and shareholder-friendly management. The rating reflects Standard & Poor's Ratings Services' belief that the company's risk profile will significantly improve after exiting from its brokerage-clearing business. Lake Success, N.Y.-based Broadridge provides a wide range of services to the global financial services industry. Investor Communication Solutions (ICS),...
Companies mentioned in this report are: Broadridge Financial Solutions 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
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