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Sensata Technologies B.V. Nov 09
Standard & Poors, November 2009
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 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 has a...
Companies mentioned in this report are: Sensata Technologies B.V.
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Sensata Technologies B.V.