Wind Power Supplier SIAG Schaaf Industrie AG Rated Preliminary 'B-'; Outlook Stable; Proposed Notes Rated Prelim 'CCC+' Jun 11
Standard & Poors, June 2011
Abstract
SIAG Schaaf Industrie AG (SIAG) is proposing to issue notes of up to -50 million to improve its liquidity situation and prefund future capital investments. We are assigning a preliminary long-term 'B-' rating to SIAG, which is subject to the successful issuance of the notes. We are also assigning a preliminary 'CCC+' issue rating to the proposed -50 million unsecured notes, with a recovery rating of '5'. The outlook is stable because we expect that SIAG will benefit from the current upturn in the industry from 2011 and improve its sales and profitability. FRANKFURT (Standard & Poor's) June 20, 2011--Standard & Poor's Ratings Services said today it assigned its preliminary 'B-' long-term corporate credit rating to SIAG Schaaf Industrie AG...
Companies mentioned in this report are: SIAG Schaaf Industrie AG
Action: New Rating
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
SIAG Schaaf Industrie AG
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