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Standard Steel LLC Oct 11 Product Image

Standard Steel LLC Oct 11

  • ID: 1929093
  • October 2011
  • Standard & Poors

FEATURED COMPANIES

  • Amsted Industries Inc.
  • Standard Steel LLC
  • Sumitomo Corp.
  • Trinity Industries Inc.
  • MORE

Abstract
Good market positions in a consolidated industry; and Some benefits from vertical integration. Aggressive financial risk profile; Cyclical end markets; and Significant customer concentration. The ratings on Burnham, Pa.-based Standard Steel LLC reflect our assessment that the company's credit quality will benefit from ownership by much larger entities, Sumitomo Metal Industries (the majority owner; unrated) and Sumitomo Corp. The rating also reflects Standard & Poor's Rating Services' uncertainty regarding the level of support that the company can expect from its new owners, as well as our limited ability to assess the credit quality of the unrated majority owner. Standard Steel manufactures wheels and axels for railcar manufacturers, Class 1 railroads, and aftermarket maintenance providers. With annual sales of roughly $200...

Companies mentioned in this report are:
- Standard Steel LLC
- Trinity Industries Inc.
- Amsted Industries Inc.
- Sumitomo Corp.
- American Railcar Industries Inc.

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 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: Full Analysis

Note: Product cover images may vary from those shown

- Standard Steel LLC
- Trinity Industries Inc.
- Amsted Industries Inc.
- Sumitomo Corp.
- American Railcar Industries Inc.

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

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