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

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;...

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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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