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Summary: TriMas Corp. Feb 12

Description:
Abstract
Standard & Poor's ratings on Bloomfield Hills, Mich.-based TriMas Corp. reflect its "fair" business risk profile and "aggressive" financial risk profile as we define these terms. Although the ratings reflect the company's presence in highly competitive and cyclical markets, TriMas focuses in certain markets where it maintains leading positions, sells a relatively diverse array of products, and operates with average profitability that support the ratings. TriMas has demonstrated improved credit measures and we expect its operating performance to strengthen and to continue to pay down debt. There is a potential for an upgrade if TriMas continues to perform better than our expectations for the rating. We believe TriMas will likely continue to benefit from improving operating performance despite end-market conditions...

Companies mentioned in this report are: TriMas Corp.
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.

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.
Companies Mentioned
TriMas Corp.
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