Summary: Piaggio & C. SpA Sep 11

  • ID: 1927545
  • September 2011
  • Standard & Poors
1 of 3

The ratings on Piaggio & C. SpA, an Italian manufacturer of scooters, motorcycles, and light transportation vehicles, reflect Standard & Poor's Ratings Services' view of the cyclical, seasonal, and competitive nature of the group's markets. Nevertheless, we view as positive rating factors Piaggio's leading positions in Europe, low profitability volatility, strong dealer network, and increasing product and geographic diversification (including India and other emerging markets in Asia). The weakness of the European two-wheel market has not improved in the first-half, with unit sales decreasing 7%. However, in the same period, the East Asian 5 countries of Vietnam, Thailand, Indonesia, Malaysia, and the Philippines have sustained healthy growth, with unit sales increasing 10.2%. Piaggio's reported results for first-half 2011 include the...

Companies mentioned in this report are:
- Piaggio & C. SpA

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 READ MORE >

Note: Product cover images may vary from those shown
2 of 3

- Piaggio & C. SpA

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown


  • Quick Help: This Credit Rating Report will be emailed to you.


If you have a more general question about our products please try our


Our Clients

  • Fluidigm Corporation
  • Apple, Inc.
  • CEVA Santé Animale
  • Abbott Laboratories Ltd.
  • Merck Group
  • Allergan Inc.
  • Pfizer Inc.