|
|
 |
|
Viewing report
|
|
|
|
Aquilex Holdings LLC Feb 09
Standard & Poors, Feb 2009
Abstract
Leading market position in its niche markets; Relatively stable revenues supported by the recurring, non-discretionary nature of services; and Favorable end market dynamics. Limited liquidity; Highly leveraged balance sheet; Relatively narrow scope of operations; Moderately concentrated customer base; and Modest free cash generation. The ratings on Atlanta-based Aquilex Holdings LLC reflect limited liquidity, high debt leverage, a narrow scope of operations, and a moderately concentrated customer base. Partially offsetting these weaknesses are Aquilex's leading market position in its niche markets, largely variable cost structure, and relatively stable revenues supported by the recurring, non-discretionary nature of the company's services. Aquilex Holdings is a holding company for Aquilex Corp., which manages a specialty repair and overhaul business, and HydroChem Industrial Services Inc.,...
Companies mentioned in this report are: Aquilex Holdings LLC
Action: Review
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: Full Analysis
|
|
|
|
