ICT Spend Predictions in Large Dutch Government Institutions - Estimated ICT budget breakdowns in 2013
- Language: English
- Published: May 2013
- Region: Holland, Netherlands
We are updating our recovery analysis on Sensata Technologies B.V.'s debt based on our upgrade of the company's corporate credit rating. Our simulated default scenario assumed a default occurring in 2013, when the term loans come due reflecting its revolving credit facility and borrowing risks. Given the company's strong market positions, we believe lenders would achieve the greatest recovery amounts through a reorganization of the company rather than a liquidation. Sensata is privately held Netherlands-based company involved in the global design and manufacturing of sensors and controls. The company has manufacturing operations in Asia and the Americas. Its products are used in a variety of automotive, commercial, industrial, aerospace, military, and residential products. On April 1, 2010, Sensata redeemed its...
Companies mentioned in this report are: Sensata Technologies B.V.
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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Sensata Technologies B.V.