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Industry Report Card: Australian And New Zealand Consumer-Related Corporates Struggling To Maintain Credit Quality Mar 07

  • ID: 2042406
  • March 2007
  • Region: Australia, New Zealand
  • Standard & Poors
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FEATURED COMPANIES

  • Air New Zealand Ltd.
  • AWB Harvest Finance Ltd.
  • Coles Group Ltd.
  • Lion Nathan Pty Ltd.
  • Queensland Sugar Ltd.
  • Symbion Health Ltd.
  • MORE

Abstract
Despite buoyant economic conditions, consumer-related corporates across Australia and New Zealand are facing strong head winds, which in many cases are undermining rating stability as a range of factors converge to pressure overall credit quality. Standard & Poor's Ratings Services' outlook for consumer-related corporates is likely to remain circumspect in 2007 because of issues surrounding rising cost pressures, debt-funded M&A, changing capital structures, and adverse regulatory and government decisions. Notable themes or developments affecting credit quality in the consumer-related sectors in recent months include: Ongoing drought conditions and worsening water-shortage problems clouding outlook for the agriculture sector; Rising raw material prices and other input costs continue to pressure earnings, although easing jet fuel prices are improving the outlook for airlines;...

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.

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- Coles Group Ltd.
- Telstra Corp. Ltd.
- Ansell Ltd.
- Symbion Health Ltd.
- Qantas Airways Ltd.
- Spark New Zealand Ltd.
- Coca-Cola Amatil Ltd.
- Foster's Group Ltd.
- Lion Nathan Pty Ltd.
- Air New Zealand Ltd.
- Tabcorp Holdings Ltd.
- PMP Ltd.
- Fairfax Media Ltd.
- Woolworths Ltd.
- Wesfarmers Ltd.
- AWB Ltd.
- SingTel Optus Pty Ltd.
- Publishing and Broadcasting Ltd.
- Queensland Sugar Ltd.
- Fonterra Co-operative Group Ltd.
- Aristocrat Leisure Ltd.
- AWB Harvest Finance Ltd.

Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown

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