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Baldor Electric Co. Dec 10
Standard & Poors, Dec 2010
Abstract
A leading share of the domestic industrial electric motor market; Diversified end-market exposure; and A good operating margin. A highly cyclical and competitive industry; An aggressive financial risk profile; and Raw material exposure. Standard & Poor's Ratings Services' ratings on Fort Smith, Ark.-based motor and power transmission product manufacturer Baldor Electric Co. (Baldor), including the 'BB-' corporate credit rating, remain on CreditWatch with positive implications where we placed them on Nov. 30, 2010. The CreditWatch placement followed ABB Ltd.'s announcement that it had entered into an agreement to acquire all of the outstanding shares of Baldor for $63.50 per share in cash. We will likely withdraw our ratings on Baldor if the rated debt is repaid as part of the...
Companies mentioned in this report are: Baldor Electric Co.,ABB Ltd.
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.
Research Type: Full Analysis
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