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Summary: Tenneco Inc. Jul 06 Product Image

Summary: Tenneco Inc. Jul 06

  • Published: July 2006
  • Standard & Poors

FEATURED COMPANIES

Abstract
Tenneco's rating reflects the company's weak business profile and highly leveraged, but stable financial profile. Despite the difficult environment for auto suppliers, Tenneco's credit measures improved in 2005 and are expected to remain consistent with the rating this year as the company benefits from the good diversity among its customers, business platforms, and regions of operation. However, it is still exposed to the production problems of its large customers General Motors Corp. (GM) and Ford Motor Co. and we do not expect any improvement in the credit profile in 2006. The company's weak business profile is driven by Tenneco's exposure to highly competitive and cyclical automotive markets that partially negate the benefits of its strong market positions. Tenneco is a...

Companies mentioned in this report are:
- Tenneco Inc.

Action: Review

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- Tenneco Inc.

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