• SELECT SITE CURRENCY
Select a currency for use throughout the site
Summary: Johnson Controls Inc. Sep 07
Standard & Poors, September 2007
The ratings on Milwaukee, Wis.-based Johnson Controls Inc. (JCI) reflect its strong global market position, as all of its major businesses are among the top three in their respective markets. The ratings also reflect the company's good business diversity, its consistently solid profitability despite very challenging industry conditions, and its intermediate financial risk profile. JCI is one of the world's largest providers of automotive interior components (57% of fiscal 2006 revenue), automotive batteries (12%), and building control systems and heating, ventilation, and air-conditioning (HVAC) equipment (32%). The company had $4.6 billion of total balance sheet debt at June 30, 2007. JCI generates most of its automotive interiors revenue from the original equipment sector, where business conditions are very challenging because...
Companies mentioned in this report are: Johnson Controls 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.
Johnson Controls Inc.