- Language: English
- Published: April 2011
Summary: Delphi Automotive LLP Aug 11
- Published: August 2011
- Standard & Poors
The ratings on Troy, Mich.-based Delphi Automotive LLP reflect Standard & Poor's Ratings Services' opinion of the company's significant financial risk profile and its weak business risk profile. Delphi's significant financial profile indicates our expectation that lease-adjusted total debt to EBITDA will remain at about 2x over the next two years, because we believe Delphi's financial policy will continue to favor relatively low leverage. We also believe its restructured cost base and focused competitive position, following emergence from bankruptcy, can support continued, meaningful free cash generation and improved profitability over the next two years. The rating also incorporates our view of Delphi's liquidity as adequate under our criteria and the company's lack of large near-term debt maturities. Delphi recently issued...
Companies mentioned in this report are: Delphi Automotive LLP
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Delphi Automotive LLP