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Issuer Ranking: Global Auto- And Truck-Related Suppliers, Strongest To Weakest Oct 11
Standard & Poors, Oct 2011
Abstract
Standard & Poor's Ratings Services believes that its current ratings on auto suppliers--the vast majority of which are speculative grade--remain appropriate. The ratings are supported by industry fundamentals that are, at least for now, somewhat better than the outlook for the general economy in some regions, because the auto-sector downturn of a few years ago was so steep. A primary reason for our view of credit stability is the ongoing gradual recovery in U.S. auto sales and continued growth in markets such as China, Russia, and Brazil. Sales results in Europe, however, have been mixed. We expect global auto sales to grow year over year in 2011 and 2012. We also rate several companies in auto-related businesses for which performance...
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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