Research Update: Alfa Laval 'BBB+' Ratings Affirmed; Outlook Positive; Ratings Withdrawn At Company's Request Jan 12
- ID: 2043473
- January 2012
- Standard & Poors
On Jan. 19, 2012, Standard & Poor's Ratings Services 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 The rating was then withdrawn at the issuer's request.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, which we view as 'satisfactory', have proven stronger...
Companies mentioned in this report are: Alfa Laval AB,Alfa Laval Credit Finance AB
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Product Type: Research Update
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