• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD

Summary: Tower International Inc. Oct 11

  • ID: 1931750
  • October 2011
  • Region: Global
  • Standard & Poors


  • Tower International Inc.
  • MORE

The ratings on Michigan-based Tower International Inc. reflect what Standard & Poor's Ratings Services considers Tower's aggressive financial risk profile and weak business risk profile (The company has several major competitors, and we assume vehicle production will remain sensitive to a weak economy). We expect Tower's sales for 2011 to grow at least in the single digits year over year. In 2011, we expect U.S. light-vehicle sales to increase about 9%, to 12.6 million units, but European light-vehicle sales to fall slightly. If light-vehicle demand falls modestly below out current industry assumptions, we still believe the company's credit measures should remain within expectations for the current rating. In the second quarter, revenue was $602.7 million, up 20% over second-quarter sales...

Companies mentioned in this report are: Tower International 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 READ MORE >

Note: Product cover images may vary from those shown

Tower International Inc.

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


Our Clients

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