- Language: English
- Published: February 2013
Summary: Empire Today LLC Jan 12
- ID: 2044628
- January 2012
- Standard & Poors
The speculative-grade ratings on Chicago-based Empire Today LLC reflect Standard & Poor's Ratings Services' expectation for credit ratios to remain indicative of a "highly leveraged" financial risk profile (as defined in our criteria) and for financial policies to remain very aggressive. We forecast the ratio of adjusted total debt to EBITDA will exceed 5x, funds from operations (FFO) to total debt will remain below 12%, and EBITDA coverage of interest will remain in the mid-1x area through 2013. Our "vulnerable" business risk assessment (as defined in our criteria) incorporates our analysis that the company has a narrow business focus in the replacement flooring industry, heavily relies on effective TV advertising to generate customer leads, and remains vulnerable to weak discretionary...
Companies mentioned in this report are: Empire Today LLC
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 >
Empire Today LLC