|
|
 |
|
Viewing report
|
|
|
|
Bormioli Rocco Holdings S.A. Dec 11
Standard & Poors, Dec 2011
Abstract
Leading niche market positions in mature and consolidated Italian and French markets. Strong and long-term relationships with customers in stable end markets. Stable demand and resilience to macroeconomic and recessionary pressure. Relatively small size, with annual EBITDA of less than -100 million. Margins that are weaker than its peers and industry averages. Relatively high capital intensity with sensitivity to volatile input costs. Weak geographic diversity. The rating on Italy-based glass packaging manufacturer Bormioli Rocco Holdings S.A. (Bormioli) reflects Standard & Poor's Ratings Services' view of the group's fair business risk profile and significant financial risk profile. The fair business risk profile reflects Bormioli's relatively small size (annual EBITDA of less than -100 million), weaker-than-average margins for the industry, sensitivity to...
Companies mentioned in this report are: Bormioli Rocco Holdings S.A.
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
|
|
|
|
