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Industry Report Card: Global Auto Supplier Industry Ratings Should Remain Stable In 2012 Jan 12
Standard & Poors, Jan 2012
Abstract
Standard & Poor's Ratings Services' outlook for credit quality in the global auto supply sector remains broadly stable as we enter 2012, but we see downside risk in the operating environment because of uncertainty in the global economy, capital markets, and in particular a vulnerable auto sales outlook for Europe. We view the industry and economic environment for the sector as neutral for ratings in our base-case scenario for 2012, albeit with regional differences more pronounced than in early 2011. (Watch the related CreditMatters TV segment titled, 'Global Autos And Auto Suppliers 2012: Why Most Ratings Should Hold Up,' dated Feb. 7, 2012.) We continue to view credit quality in the global auto supply sector as neutral, despite the risk...
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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