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Electrolux AB May 08
Standard & Poors, May 2008
Strong market positions in the European and U.S. white goods markets Good geographic diversity Comprehensive corporate restructuring that is expected to benefit market position Highly competitive and mature industry Demand that is sensitive to global economic conditions Recent quarterly loss puts strain on financial profile The ratings on Sweden-based Electrolux AB reflect its position as one of the leading companies worldwide in the appliance industry, the group's fairly modest financial leverage, and the benefits expected from a comprehensive corporate restructuring. The ratings are constrained by strong competition in this industry and Electrolux's low profitability. Electrolux is the world's second largest manufacturer of indoor appliances. The company's position is supported by strong brand names, including Electrolux, AEG, Frigidaire, and Zanussi. In...
Companies mentioned in this report are: Electrolux AB
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