|
|
 |
|
Viewing report
|
|
|
|
2005 Merger & Acquisition Outlook And Its Implications For U.S. And European Industrial Sector Credit Risk May 05
Standard & Poors, May 2005
Abstract
Standard & Poor's Ratings Services has conducted a review of the corporate industrial and insurance sectors that our analysts expect to see noteworthy M&A activity in this year, with a special focus on how such activity could affect sector credit quality. Corporate and financial market concerns about accounting, economic, and credit issues appear to have constrained M&A activity in the first quarter of 2005 (discussed below). But because companies continue to generate healthy cash flow, this suggests that better-positioned companies are still building sizable cash war chests, which, coupled with rising competition in many sectors, augers well for those who make their livings from M&A fees. Standard & Poor's industrial credit analysts project that the sectors in which M&A activity...
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
|
|
|
|
