- Language: English
- Published: November 2012
Summary: Arrow Electronics Inc. Feb 12
- ID: 2050451
- February 2012
- Standard & Poors
The rating on Melville, N.Y.-based Arrow Electronics Inc. reflects the company's "satisfactory" business position and "intermediate" financial position (as defined in Standard & Poor's Ratings Services' criteria) in the face of challenging macroeconomic industry conditions. The electronic distribution industry's highly competitive and relatively low-margin characteristics, as well as the potential for variable profitability and debt protection metrics resulting from volatile industry demand, offset company strengths. Arrow is one of the leading global electronic component and computer product distributors. The company reported revenue of $21.4 billion in fiscal 2011. Recent IT spending cyclicality, and competitive pricing pressures make it more challenging for distributors to maintain profitability levels. Nevertheless, we expect acquisitions and ongoing efficiency improvements to enable Arrow to maintain adequate...
Companies mentioned in this report are: Arrow Electronics Inc.
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 >
Arrow Electronics Inc.