Summary: Springer Science+Business Media S.A. Dec 11
- ID: 2034836
- December 2011
- Standard & Poors
The rating on Germany-based Springer Science+Business Media S.A. (Springer), reflect Standard & Poor's Ratings Services' view of the group's "highly leveraged" financial risk profile, and of its "satisfactory" business risk profile (as our criteria define the terms), as a worldwide leading publisher in the science, technology, and medicine (STM) sector. Springer's key business strengths include its strong position as the world's second-largest publisher of science, technology, and medicine (STM) journals by title and the largest publisher of STM books, which generate a high proportion of stable and recurring subscription sales, and solid profitability levels. Springer also has a somewhat flexible cost structure. Tempering these positive factors is our opinion that STM publishers are likely to remain subject to significant pricing...
Companies mentioned in this report are: Springer Science+Business Media S.A.
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