• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
TUI AG Dec 08 Product Image

TUI AG Dec 08

  • Published: December 2008
  • Standard & Poors

FEATURED COMPANIES

Abstract
European market leader in tourism and leisure hotels Good geographic diversity, with home bases in both Germany and the U.K. Volatile, competitive, capital-intensive, and heavily seasonal industry with high exposure to event risks Complex structure, significant TUI Travel minorities, and mixed shareholder relations record Uncertainties regarding use of proceeds from sale of Hapag-Lloyd The ratings on Germany-based tourism group TUI AG reflect the group's complex structure, highly leveraged financial risk profile, cash flow leakage to minorities, and exposure to a seasonal and cyclical industry facing ongoing margin pressures and high event risks. These risks are mitigated in part by its market-leading positions in European tourism, as well as its geographically well-diversified sales. On Dec. 3, 2008, Standard & Poor's Ratings...

Companies mentioned in this report are: TUI AG
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 READ MORE >

TUI AG

Format Properties
Electronic The report will be emailed to you.
Note: Product cover images may vary from those shown
More

RELATED PRODUCTS