Summary: Advanced Disposal Services Inc. Dec 11
Standard & Poors, December 2011
Abstract
Standard & Poor's Ratings Services' ratings on Jacksonville, Fla.-based Advanced Disposal Services Inc. (ADS) reflect the regional solid waste hauler's modest scale of operations, geographic concentration of revenues and earnings, leveraged capital structure, and acquisition-oriented growth strategy. The company's participation in a recession-resistant industry, its fair degree of vertical integration, and its solid profitability partially offset these characteristics. In our opinion, the solid waste industry benefits from favorable characteristics, including the high necessity of services provided, which enhances the predictability of revenues and renders participants less prone to experiencing heavy losses during economic downturns. With $348 million in trailing-12-month revenues, ADS is a regional provider of nonhazardous solid waste collection, transfer, recycling, and disposal services. Its operations are concentrated in...
Companies mentioned in this report are: Advanced Disposal Services 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 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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Advanced Disposal Services Inc.
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