- Language: English
- Published: August 2012
- Region: Global
Summary: Tenneco Inc. Aug 10
- Published: August 2010
- Standard & Poors
The ratings on Tenneco Inc. reflect Standard & Poor's Ratings Services' opinion that Tenneco's business risk profile is weak and its financial risk profile is highly leveraged. The business risk profile includes our view of the competitive conditions in the company's two main markets--emissions and ride control. The financial risk profile reflects the company's elevated, albeit declining, leverage. We believe light-vehicle production in North America and Europe will continue to recover; we currently believe light-vehicle production will rise more than 30% in North America and grow slightly over last year's levels in Europe. However, risks remain. Among them are some concerns that GDP growth in the U.S. could soften in the second half of 2010, and that auto demand in...
Companies mentioned in this report are:
- Tenneco Inc.
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- Tenneco Inc.