Sensata Technologies B.V. Feb 10
Standard & Poors, February 2010
Abstract
Leading market positions and high operating margins; and Good product and end-market diversity. Highly leveraged financial risk profile; Limited headroom under covenants; Participation in cyclical end markets; and A large amount of intangible assets relative to fixed assets. The ratings on Attleboro, Mass.-based Sensata Technologies B.V. reflect its highly leveraged financial profile and fair business risk profile. The company's high debt level more than offsets its good geographic diversification and solid operating margins. Sensata, formerly a division of Texas Instruments Inc., consists of two business units that manufacture highly engineered electronic sensors and controls, generating more than $1 billion of revenues. The company sells its products in mature, cyclical end markets that expand primarily at GDP-like rates. The company also...
Companies mentioned in this report are: Sensata Technologies B.V.
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.
Research Type: Full Analysis
Sensata Technologies B.V.
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW5
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
