• SELECT SITE CURRENCY
Select a currency for use throughout the site
Summary: Hexcel Corp. Dec 11
Standard & Poors, December 2011
The ratings on Stamford, Conn.-based composite supplier Hexcel Corp. reflect our expectation that key credit metrics will remain above average for the rating over the next two years. We expect capital expenditures to increase substantially over the next few years to fund the expansion of its carbon-fiber capabilities to support the Airbus A350 widebody aircraft program, which could require some debt financing depending on the timing and amount of the investment. We consider Hexcel's business risk profile as "fair" (as our criteria define the term) because of its participation in the competitive and cyclical commercial aerospace industry. Partly offsetting factors are the company's leading market position in key markets, and meaningful program and end-market diversity. We assess Hexcel's financial risk...
Companies mentioned in this report are: Hexcel Corp.
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.