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Serta International Holdco LLC Dec 11
Standard & Poors, December 2011
Well-recognized brands in the U.S. mattress industry; and A solid market position. A narrow business focus; Vulnerability to reduced discretionary spending in an economic downturn; and A highly leveraged financial profile. Standard & Poor's Ratings Services' speculative-grade ratings on Hoffman Estates, Ill.-based Serta International Holdco LLC reflect our opinion that the company has a "weak" business risk profile (as our criteria define the term) and a "highly leveraged" financial risk profile. Serta's narrow business focus and its vulnerability to reduced discretionary spending in an economic downturn contribute to the company's weak business risk profile, despite its well-recognized brands and strong market position in the U.S. mattress industry. Serta, through its wholly owned operating subsidiary National Bedding Co. LLC, markets and...
Companies mentioned in this report are: Serta International Holdco LLC
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Research Type: Full Analysis
Serta International Holdco LLC