• SELECT SITE CURRENCY
Select a currency for use throughout the site
Summary: Rexel S.A. Sep 01
Standard & Poors, September 2001
The ratings on France-based Rexel S.A. reflect the company's position as the leading business-to-business distributor worldwide of low-voltage electrical parts and supplies, as well as its high operating efficiency. These factors are offset, however, by Rexel's weak financial profile. With 2000 sales of -7.1 billion, Rexel is the world leader in a highly fragmented, cyclical sector covering a vast array of customers and products. The sector's cyclicality is offset, to some extent, by the substantial share of sales that it derives from the maintenance and replacement market. Rexel is also the sector's most global player, with only 24% of pro forma 2000 sales generated in France. It has leading positions in Europe (excluding France, accounting for 27% of pro forma...
Companies mentioned in this report are: Rexel Distribution S.A.
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Rexel Distribution S.A.