- Language: English
- 1539 Pages
- Published: March 2012
- Region: Global
Sensata Technologies B.V. Rating Raised To 'BB-' From 'B+' On Improving Credit Measures; Outlook Is Stable Feb 11
- Published: February 2011
- Standard & Poors
Almelo, Netherlands-based Sensata Technologies B.V.'s operating performance in 2010 was good and credit measures have continued to improve. The company's majority owner, Bain Capital Partners LLC, recently completed a secondary offering reducing its common stock ownership to about 53%. We are raising the ratings on Sensata, including the corporate credit rating, to 'BB-' from 'B+'. At the same time, we raised the ratings on the company's senior secured debt to 'BB+' from 'BB' with a recovery rating of '1'. The stable outlook reflects the company's improved credit measures, which meet our expectations at the current ratings. NEW YORK (Standard & Poor's) Feb. 25, 2011--Standard & Poor's Ratings Services raised the ratings on sensors and controls manufacturer Sensata Technologies B.V. (Sensata),...
Companies mentioned in this report are: Sensata Technologies B.V.,Texas Instruments Inc.,Honeywell International Inc.
Action: Outlook: Stable
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Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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Sensata Technologies B.V.,Texas Instruments Inc.,Honeywell International Inc.