- Language: English
- 38 Pages
- Published: November 2011
- Region: Global
Summary: ABB Ltd. May 02
- Published: May 2002
- Standard & Poors
The ratings on Switzerland-based engineering group ABB Ltd. are supported by ABB's broadly solid business fundamentals and its position as a leading global player in its major business segments, notably its product divisions, as well as in utilities and process technology. The ratings are constrained, however, by ongoing economic difficulties in many of ABB's key market segments, coupled with continuing uncertainty about future asbestos charges (ABB took a $470 million charge in the fourth quarter of 2001, bringing the group's total asbestos provisions to $940 million). Standard & Poor's will continue to monitor any growth in new claims closely; if the trend accelerated, ABB would be expected to have to review its position. The group will be challenged to meet...
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 >