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Alfa Laval 'BBB+' Ratings Affirmed; Outlook Positive; Ratings Withdrawn At Company's Request Jan 12
Standard & Poors, Jan 2012
Abstract
STOCKHOLM (Standard & Poor's) Jan. 23, 2012-- Standard & Poor's Ratings Services said today that it had affirmed its 'BBB+' corporate credit rating on Sweden-based industrial machinery manufacturer Alfa Laval AB. The rating was then withdrawn at the issuer's request. The outlook at the time of withdrawal was positive. The affirmation reflects our view that Alfa Laval demonstrated a strong and resilient operating and financial performance relative to its peers during the recent financial crisis and through 2011, when the company successfully integrated its SEK5 billion acquisition of Denmark-based industrial manufacturer Aalborg. Due to its strong and stable cash flow generation over the past few years, Alfa Laval's financial risk profile, which we view as 'modest', and business risk profile,...
Companies mentioned in this report are: Alfa Laval AB,Alfa Laval Credit Finance AB
Action: Affirmed
Action: Withdrawn
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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