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Baoshan Iron & Steel Co. Ltd. Dec 06
Standard & Poors, Dec 2006
Abstract
Leading position in the domestic market Focus on and dominance in high-end products Low cost position Location in a growth market Strong financial profile Inherent industry risk Increasing competition The rating on Baoshan Iron & Steel Co. Ltd. (Baoshan) reflects the company's strong business profile, which is supported by its leading position in China's steel industry, its focus on high-end products and market dominance in these products, and its low cost position, which enables the company to maintain profitability even under unfavorable market conditions. China has one of the world's fastest-growing economies, and Baoshan's potential to benefit from such growth is also factored into the rating. The company's business strengths are tempered by inherent industry risk and increasing competition from...
Companies mentioned in this report are: Baoshan Iron & Steel Co. Ltd.,Baosteel Group Corp.
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
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