- Language: English
- 62 Pages
- Published: June 2010
- Region: Global
Summary: Sensata Technologies B.V. Aug 06
- Published: August 2006
- Standard & Poors
The ratings on Attleboro, Mass.-based Sensata Technologies B.V. (Sensata) primarily reflect the company's highly leveraged financial profile. The company has a highly leveraged balance sheet and thin cash-flow protection that resulted from Bain Capital LLC's leveraged acquisition of the company in April 2006. Sensata's highly leveraged financial profile more than offsets the company's satisfactory business profile, which is characterized by strong market positions, stable operating margins, and cash flow generation and good customer diversity. Formerly a division of Texas Instruments Inc., Sensata is composed of two business units that manufacture highly engineered electronic sensors and controls products, generating over $1.0 billion per year in revenue. The company's products are sold into mature, cyclical end markets that grow primarily at GDP-like...
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.
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.
SHOW LESS READ MORE >
Sensata Technologies B.V.,Texas Instruments Inc.