Issuer Ranking: U.S. Capital Goods Companies, Strongest To Weakest Dec 11

  • ID: 2034927
  • December 2011
  • Region: United States
  • Standard & Poors
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  • Actuant Corp.
  • Cooper Industries PLC
  • EnerSys
  • Joy Global Inc.
  • Rexnord LLC
  • The GSI Group LLC
  • MORE

Standard & Poor's Ratings Services continues to view credit quality in the U.S. capital goods sector as stable despite the persistent risk of a recession in the U.S. and Europe and a modest slowdown in emerging markets. Although growth prospects have weakened, profits and cash balances are generally healthy, and credit measures overall meet or exceed our expectations. This should provide for some cushion against a downturn. However, we believe that issuers' capacity to absorb aggressively financed initiatives such as mergers and acquisitions or share buybacks--or for speculative-grade issuers (those rated 'BB+' or lower), to maintain adequate headroom over tightening covenants--is shrinking. The following list ranks all the rated companies in this industry from strongest to weakest based on rating...

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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

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- Caterpillar Inc.
- Crane Co.
- Cummins Inc.
- Deere & Co.
- Dover Corp.
- Eaton Corp.
- Emerson Electric Co.
- Fluor Corp.
- General Electric Co.
- Grainger (W.W.) Inc.
- Harsco Corp.
- Kennametal Inc.
- Leggett & Platt Inc.
- The Babcock & Wilcox Company
- Parker-Hannifin Corp.
- Rockwell Automation Inc.
- Snap-on Inc.
- United Technologies Corp.
- Westinghouse Air Brake Technologies Corp.
- Illinois Tool Works Inc.
- ITT Corp.
- Danaher Corp.
- Timken Co.
- McDermott International Inc.
- Honeywell International Inc.
- Trinity Industries Inc.
- Amsted Industries Inc.
- Park-Ohio Industries Inc.
- Victor Technologies Group Inc.
- Rexnord LLC
- Thomas & Betts Corp.
- IDEX Corp.
- AGCO Corp.
- TriMas Corp.
- Titan International Inc.
- J.B. Poindexter & Co. Inc.
- SPX Corp.
- Hubbell Inc.
- Terex Corp.
- Foster Wheeler AG
- Pall Corp.
- Kinetek Holdings Corp.
- Carlisle Cos. Inc.
- The GSI Group LLC
- Scotsman Industries Inc.
- NES Rentals Holdings Inc.
- Stanadyne Corp.
- Mettler-Toledo International Inc.
- Tyco International PLC
- Blount Inc.
- MasTec Inc.
- Oshkosh Corp.
- EMCOR Group Inc.
- Columbus McKinnon Corp.
- The Heico Cos. LLC
- RSC Equipment Rental Inc.
- WESCO International Inc.
- Maxim Crane Works L.P.
- Great Lakes Dredge & Dock Corp.
- Actuant Corp.
- United Rentals Inc.
- URS Corp.
- Pentair Inc.
- CNH Global N.V.
- Flowserve Corp.
- EnerSys
- Manitowoc Company Inc. (The)
- The Shaw Group Inc.
- Joy Global Inc.
- Wastequip LLC
- Acuity Brands Inc.
- H&E Equipment Services Inc.
- CST Industries Inc.
- Colfax Corp.
- Itron Inc.
- Roper Technologies Inc.
- Sensus U.S.A. Inc.
- BakerCorp
- Mueller Water Products Inc.
- American Railcar Industries Inc.
- Polypore International Inc.
- Altra Industrial Motion Inc.
- Pro Mach Inc.
- Xerium Technologies Inc.
- Sunstate Equipment Co. LLC
- IAP Worldwide Services Inc.
- The Greenbrier Cos. Inc.
- Neff Rental LLC
- Dycom Industries Inc.
- Sensata Technologies B.V.
- Electrical Components International Inc.
- Unifrax Holding Co.
- Standard Steel LLC
- Brock Holdings III Inc.
- Brand Energy & Infrastructure Services
- Carestream Health Inc.
- Evergreen Tank Solutions Inc.
- CPM Holdings Inc.
- HD Supply Inc.
- Ingersoll-Rand PLC
- Cooper Industries PLC
- Willbros Group Inc.
- Cleaver-Brooks Inc.
- Douglas Dynamics Inc.
- syncreon Holdings Ltd
- Thermon Industries Inc.
- United States Infrastructure Corp.
- Excelitas Technologies Corp.
- Tutor Perini Corp.
- Constellation Enterprises LLC
- Intelligrated Inc.
- Precision Engineered Products LLC
- Elster Group SE
- Milacron Intermediate Holdings Inc.
- NANA Development Corp.
- Tempel Steel Company
- Dynacast
- Xylem
- Capital Safety Group S.ar.l.

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