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Summary: Husky International Ltd. Nov 11

  • ID: 1951773
  • November 2011
  • Region: Global
  • Standard & Poors
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  • Husky International Ltd.
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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.

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 READ MORE >

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- Husky International Ltd.

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