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BSH Bosch und Siemens Hausgeraete Upgraded To 'A' On Healthy Free Operating Cash Flows, Modest Leverage; Outlook Stable Aug 10
Standard & Poors, Aug 2010
Abstract
Household appliances manufacturer BSH Bosch und Siemens Hausgeraete GmbH (BSH) continues to demonstrate healthy free operating cash flows despite the economic slowdown. In addition, BSH has maintained consistently modest levels of debt leverage. We are raising our long-term corporate credit rating on BSH to 'A' from 'A-'. The stable outlook reflects our view that BSH's product portfolio, market shares, and operating strategies should help the group to maintain good control over gross margins and cash generation over the economic cycle. LONDON (Standard & Poor's) Aug. 16, 2010--Standard & Poor's Ratings Services said today that it raised its long-term corporate credit rating on Germany-based household appliances manufacturer BSH Bosch und Siemens Hausgeraete GmbH (BSH) to 'A' from 'A-'. At the same...
Companies mentioned in this report are: BSH Bosch und Siemens Hausgeraete GmbH
Action: Outlook: Stable
Action: Upgraded
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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