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Sensata Technologies B.V. Aug 10
Standard & Poors, August 2010
Leading market positions and high operating margins Good product and end-market diversity Aggressive financial risk profile Participation in cyclical end markets Standard & Poor's Ratings Services' ratings on sensors and controls manufacturer Sensata Technologies B.V. (Sensata) reflect its aggressive financial risk profile and fair business risk profile. We believe business trends remain favorable, but are likely to moderate from the firm's recent high growth levels. Still, we expect Sensata to continue generating further revenue organically as its products are increasingly used in end-market applications. Furthermore, we expect the company's operating margin, before depreciation and amortization (D&A), will remain close to 30%. This may allow Sensata to sustain a funds from operations (FFO)-to-adjusted debt ratio of more than 15% (versus the...
Companies mentioned in this report are: Sensata Technologies B.V.,Texas Instruments 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
Sensata Technologies B.V.,Texas Instruments Inc.