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Summary: Reddy Ice Holdings Inc. Jan 12
Standard & Poors, January 2012
Standard & Poor's Ratings Services' ratings on Reddy Ice Holdings Inc. reflect our opinion that the company's financial profile is highly leveraged, given its significant debt burden and less-than-adequate liquidity. The ratings also reflect our assessment of the company's vulnerable business risk profile stemming from our view that the company has a narrow product focus; its participation in the highly fragmented and competitive packaged ice industry, which is susceptible to unfavorable economic and weather conditions; and seasonal demand for its products. (For analytical purposes Standard & Poor's views Reddy Ice and its wholly owned operating subsidiary, Reddy Ice Corp., as one economic entity.) Although Reddy Ice maintains a strong regional presence in the North American wholesale packaged ice industry, the...
Companies mentioned in this report are: Reddy Ice Holdings Inc.
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Reddy Ice Holdings Inc.