Summary: HUPAH Holdings S.A. d/b/a Capital Safety Group Feb 12
Standard & Poors, February 2012
Abstract
Our ratings on Hupah Holdings S.A. (doing business as Capital Safety Group, based in Red Wing, Minn.) reflect the company's "weak" business risk profile and "highly leveraged" financial risk profile, as our criteria define the terms. Capital Safety Group manufactures fall protection, confined space, and rescue equipment such as harnesses, lanyards, blocks, and anchor points. The company's main end markets include construction (24% of revenues), oil and gas (21%), industrial (12%), utilities (11%), and transportation (9%). We believe Capital Safety's business profile will remain weak because of its narrow focus in a niche market, fall protection equipment, which is a subset of the competitive and fragmented personal protection equipment industry. This limits the company's scale of operations. The company's overall...
Companies mentioned in this report are: HUPAH Holdings S.A. d/b/a Capital Safety Group,HUPAH Finance 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.
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.
HUPAH Holdings S.A. d/b/a Capital Safety Group,HUPAH Finance Inc.
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW6
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
