• SELECT SITE CURRENCY
Select a currency for use throughout the site
Summary: Ericsson (Telefonaktiebolaget L.M.) Jul 10
Standard & Poors, July 2010
The ratings on Swedish telecommunications equipment supplier Ericsson (Telefonaktiebolaget L.M.) reflect Standard & Poor's Ratings Services' view of Ericsson's strong position in mobile network technologies, industry-leading operating margins, wide geographic reach, strong liquidity, and moderate gross leverage. These positions are supported by Ericsson's strong technology development track record, backed by the industry's largest research and development (R&D) budget and its focus on technologies offering large-scale deployment opportunities. In addition, Standard & Poor's expects Ericsson to continue benefiting from its increasing role in the growing professional services business. The sector's operating volatility affects the ratings. This volatility stems from ongoing major technology changes--including the convergence of fixed and mobile technologies. In addition, telecoms service providers have limited visibility on capital-spending levels...
Companies mentioned in this report are: Ericsson (Telefonaktiebolaget L.M.)
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Ericsson (Telefonaktiebolaget L.M.)