Recovery Report: Allison Transmission Inc.'s Recovery Rating Profile Dec 11
Standard & Poors, December 2011
Abstract
We are updating our recovery analysis on Indianapolis, Ind.-based automatic transmission systems provider Allison Transmission Inc., in conjunction with our upgrade of its corporate credit rating and our raising of the issue-level rating on its senior secured debt and senior unsecured notes. Our recovery ratings remain unchanged. Standard & Poor's Ratings Services' simulated default scenario contemplates a payment default in 2014, stemming from a cyclical downturn in North American commercial and off-highway-vehicle demand that persists through 2014, reflecting a weak economy and depressed freight volumes. We believe that Allison would reorganize in the event of a default, given its strong market position and established customer base, along with our expectation of continued demand for its products. (For Standard & Poor's...
Companies mentioned in this report are: Allison Transmission Inc.
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
Allison Transmission Inc.
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