Delphi Automotive LLP Aug 11
- ID: 1858827
- August 2011
- Standard & Poors
Improved customer diversity, following restructuring; Good geographic diversity, with a presence in all major auto markets; and Positive cash flow. Intense pricing pressure from customers with strong purchasing power; Cyclical industry experiencing weak demand; and Strong, well-positioned competitors. 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,...
Companies mentioned in this report are: Delphi Automotive LLP
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Research Type: Full Analysis