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Industry Report Card: Asia-Pacific Transportation Companies: Stories Differ, But Fuel Prices And Economic Uncertainties Are Common Hurdles Aug 11
Standard & Poors, Aug 2011
Abstract
The financial performance of transportation companies in the Asia-Pacific region continued its gradual improvement into mid 2011 largely due to improved macroeconomic conditions. Standard & Poor's Ratings Services, however, believes that higher fuel prices, which have been rising since late 2010, and the growing economic uncertainties of the past two months have cast a shadow on the sustainability of the recovery and growth that we have seen so far in the industry. As expected, some of the sectors that the global financial crisis affected the most, especially airlines and container shipping, recovered faster amid the economic growth of the past year. In addition to high fuel prices and economic uncertainties, other factors, mainly overcapacity, will continue to hinder the recovery...
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.
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