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Summary: AB Electrolux Aug 01 Product Image

Summary: AB Electrolux Aug 01

  • ID: 2035765
  • August 2001
  • Standard & Poors

Abstract
The ratings on Sweden-based AB Electrolux reflect the group's position as one of the leading companies in the worldwide appliance industry. With its global strategy, Electrolux has a number of strong brand names, and is the clear market leader for household appliances in Europe, as well as the third-largest in the U.S. Competition in this industry, however, is tough and profitability is low. Owing to the large number of acquisitions made by Electrolux over the past decades and the fragmented nature of the industry, the company has not been able to take full advantage of potential cost synergies and its strong market position. The streamlining of the company and cost-cutting programs over the past few years, however, have started to...

Companies mentioned in this report are: Electrolux AB
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 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.

This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

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