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BSH Bosch und Siemens Hausgeraete GmbH Outlook Positive On Sound Metrics; 'A-/A-2' Rtgs Afrmd Jun 08
Standard & Poors, June 2008
Abstract
FRANKFURT (Standard & Poor's) June 10, 2008--Standard & Poor's Ratings Services said today it revised its outlook on Germany-based household appliances manufacturer BSH Bosch und Siemens Hausgeraete GmbH (BSH) to positive from stable. At the same time, we affirmed the 'A-' long-term and 'A-2' short-term corporate credit ratings. 'The outlook revision reflects the group's positive track record in withstanding the challenging market conditions over the past five years,' said Standard & Poor's credit analyst Olaf Toelke. 'In particular, BSH's relatively high-end product portfolio generated stable margins over the past two years, which fully compensated for higher raw material costs and the negative effect of the value-added tax rise in Germany in 2007.' As a result, the company was able to...
Companies mentioned in this report are: BSH Bosch und Siemens Hausgeraete GmbH
Action: Affirmed
Action: Outlook: Positive
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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