- Language: English
- 84 Pages
- Published: September 2011
- Region: Australia
Summary: ABB Ltd. Aug 07
- Published: August 2007
- Standard & Poors
The ratings on Switzerland-based engineering services group ABB Ltd. reflect the group's strong business risk profile, with leading global positions, strong technology bases, and good earnings diversification in its core businesses. They also reflect the group's modest financial risk profile, including strong debt-protection measures, sound free operating cash flow generation and liquidity positions, and the expectation that the group will maintain a conservative financial policy. ABB's adjusted group debt was about $1.9 billion at June 30, 2007 (including a total of $2.5 billion of estimated leasing, postretirement, and other debt adjustments, and the deduction of about $3.2 billion in excess cash). The automation industry is fragmented and competitive. Demand cyclicality is mitigated by stable component and aftermarket sales. The power...
Companies mentioned in this report are: ABB Ltd.
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.
SHOW LESS READ MORE >