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Summary: Georgia Gulf Corp. Dec 11 Product Image

Summary: Georgia Gulf Corp. Dec 11

  • ID: 2034626
  • December 2011
  • Region: Georgia
  • Standard & Poors

The ratings on U.S.-based commodity chemicals company Georgia Gulf Corp. reflect the improvement in the company's operating performance and debt measures, as well as Standard & Poor's Ratings Services' expectation that Georgia Gulf will be able to at least maintain its improved credit metrics in the future. The key ratio of funds from operations (FFO) to total adjusted debt was about 26% as of Sept. 30, 2011, exceeding our expectations for the rating on Georgia Gulf. The ratio provides the company with some cushion during periods of volatile earnings and also to execute potentially debt-funded capital spending or growth programs, while maintaining credit quality at current levels. This ratio is up from about 19% for the corresponding period in 2010....

Companies mentioned in this report are:
- Axiall 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 READ MORE >

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