|
|
 |
|
Viewing report
|
|
|
|
ARCHIVE | Criteria | Corporates | Industrials: Key Credit Factors: Business And Financial Risks In The Airline Industry Sep 08
Standard & Poors, Sep 2008
Abstract
(Editor's Note: Table 1 in this article is no longer current. It has been superseded by the table found in 'Criteria Methodology: Business Risk/Financial Risk Matrix Expanded,' published May 27, 2009, on RatingsDirect.) Standard & Poor's Ratings Services' analytic methodology evaluates the qualitative and quantitative factors of an issuer to determine a credit rating opinion on that issuer. The analytic framework for industrial companies in all sectors, including airlines, is divided into two major segments: The first part is fundamental business risk analysis. This step forms the basis and provides the industry and business context for the second segment of the analysis, an in-depth financial risk analysis of the company. Our rating analysis of airlines begins with the industry, business,...
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.
|
|
|
|
