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Research Update: Sensata Technologies Rating Affirmed At 'CCC+'; Outlook Revised To Stable Nov 09
Standard & Poors, November 2009
Sensata Technologies B.V. reported third-quarter operating results that showed meaningful improvements in profitability year-over-year and better sequential trends. We are affirming the ratings, including the 'CCC+' corporate credit rating. We are revising the outlook to stable from negative. The outlook revision reflects improved business trends, which reduce the risks of a covenant violation in the near term. On Nov. 2, 2009, Standard & Poor's Ratings Services affirmed the ratings on Attleboro, Mass.-based Sensata, including the 'CCC+' corporate credit rating. At the same time, we revised the outlook on the company to stable from negative. The outlook revision reflects improved operating performance in third-quarter 2009 and better prospects for Sensata in the near term, which reduces the risk of a covenant...
Companies mentioned in this report are: Sensata Technologies B.V.
Action: Outlook: Stable
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
Sensata Technologies B.V.