The ratings on Ontario-based Husky International Ltd. mainly reflect what Standard & Poor's Ratings Services views as the company's highly leveraged financial risk profile, highlighted by its debt leverage in excess of 6x, funds from operations (FFO) to total debt of under 12%, the cyclical nature of the plastic injection molding machinery business, and our belief that leverage will only modestly improve in the near term. Partially offsetting these concerns is what Standard & Poor's deems as Husky's fair business risk profile, given the company's leading position, by a significant margin, in the sale of plastic injection molding machines and systems for its target markets and its diverse customer and geographic base. Husky is a privately owned global provider of...
Companies mentioned in this report are:
- Husky International Ltd.
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