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Summary: Hexcel Corp. Dec 11 Product Image

Summary: Hexcel Corp. Dec 11

  • ID: 2030092
  • December 2011
  • Standard & Poors

Abstract
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.
Action: Review

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