Deluxe Entertainment Services Group Inc. Jan 12
Standard & Poors, January 2012
Abstract
Growing creative services segment, with more healthy long-term fundamentals than Deluxe's film processing and distribution business. Exposure to widespread adoption of digital projection technology by motion picture exhibitors; Highly leveraged; and High mandatory debt amortization payments. The 'B' corporate credit rating on Deluxe Entertainment Services Group Inc. reflects our expectation that the company's financial risk profile will remain "aggressive" (based on our criteria), given its still-high leverage. In addition, it is owned by private-equity investors that financed a special dividend from the company using debt. We view Deluxe's business profile as "vulnerable" (based on our criteria) because of its exposure to the widespread adoption of digital projection technology by motion picture exhibitors, particularly in North America. We expect the company's...
Companies mentioned in this report are: Deluxe Entertainment Services Group Inc.
Action: Review
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: Full Analysis
Deluxe Entertainment Services Group Inc.
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW5
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
