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Australian Postal Corp. Jun 05
Standard & Poors, June 2005
Abstract
Dominant market position Solid cash flow protection Supportive relationship with the government Core letter business is unlikely to generate much growth and could shrink. (Editor's note: The tables in this article are designed for exporting in certain Standard & Poor's products; therefore, printing quality may vary. Changing your page orientation to landscape mode, reducing your page margins, and/or reducing the text size in your browser may improve the printed output.) On June 8, 2005, Standard & Poor's Ratings Services affirmed its AAA/Stable/A-1+ ratings on Australian Postal Corp. (Australia Post). Although most of Australia Post's businesses face softening of organic growth, the company has maintained solid business and financial profiles. The company has taken measures to strengthen its parcels, logistics, and...
Companies mentioned in this report are: Australian Postal Corp.,Australia (Commonwealth of) (Unsolicited Ratings)
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
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