ICT Spend Predictions in Small Mexican Government Institutions - Estimated ICT budget breakdowns in 2013
- Language: English
- Published: May 2013
- Region: Mexico
Increased geographic and market diversification. A young, technologically advanced offshore supply vessel (OSV) fleet. Adequate liquidity. Participation in the volatile offshore marine services industry; and Continued, albeit diminishing, market concentration in the Gulf of Mexico. Our ratings on Hornbeck Offshore Services Inc. reflect the company's position in the volatile and cyclical marine services industry, as well as improving market conditions in the Gulf of Mexico due to an increase in new well permits. The ratings also incorporate Hornbeck's increased geographic diversity as a result of repositioning vessels out of the Gulf of Mexico, and adequate liquidity of about $381 million, including $131.9 million of cash, as of Sept. 30, 2011. Standard & Poor's classifies Hornbeck's financial risk as aggressive. Total...
Companies mentioned in this report are: Hornbeck Offshore Services 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.
Research Type: Full Analysis
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Hornbeck Offshore Services Inc.