Industry Credit Outlook: For U.S. Capital Goods Companies, Credit Quality Should Continue To Hold Amid Slightly Positive Industry Conditions Mar 11
Standard & Poors, March 2011
Abstract
Standard & Poor's Ratings Services' outlook for credit quality in the U.S. capital goods sector remains broadly stable as the global economy continues its recovery. We view the industry and economic environment for industrial and manufacturing activity as slightly positive in our base case scenario for 2011-2012. There are still pockets of lingering weakness, such as nonresidential construction, but overall we believe this environment will support further improvement in the sector's operating performance this year, though at slower pace than during 2010. At the end of first–quarter 2011, about 80% of our U.S. capital goods ratings had a stable outlook--relatively unchanged from the previous quarter. New risk factors have arisen since fourth-quarter 2010, all of which could potentially have a...
Companies mentioned in this report are:
- Westinghouse Air Brake Technologies Corp.
- ITT Corp.
- Danaher Corp.
- Germany (Federal Republic of) (Unsolicited Ratings)
- Beckman Coulter Inc.
- Oshkosh Corp.
- Gardner Denver Inc.
- Sensata Technologies B.V.
- Brock Holdings III Inc.
- Precision Engineered Products LLC
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
- Westinghouse Air Brake Technologies Corp.
- ITT Corp.
- Danaher Corp.
- Germany (Federal Republic of) (Unsolicited Ratings)
- Beckman Coulter Inc.
- Oshkosh Corp.
- Gardner Denver Inc.
- Sensata Technologies B.V.
- Brock Holdings III Inc.
- Precision Engineered Products LLC
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW5
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
