- Language: English
- 108 Pages
- Published: January 2012
- Region: China
Hon Hai Precision Industry Co. Ltd. Dec 09
- Published: December 2009
- Standard & Poors
Well-established market position Low cost, unrivalled vertically integrated production model Prudent financial policy with modest debt usage Increasing industry risks Persistent stress on margins The ratings on Hon Hai Precision Industry Co. Ltd. reflect the company's strong competitive position in the global electronics manufacturing services (EMS) industry, low cost, unrivalled vertically integrated production model, and modest debt usage. The company's increasing business risks associated with the global contract EMS industry and continuing margin pressures partly constrain the ratings. We believe Hon Hai's position as the world's largest EMS provider will provide strong support to its ratings. The company has established a strong customer base with major global players in a wide range of electronics products, which partly offsets the risk...
Companies mentioned in this report are: Hon Hai Precision Industry Co. Ltd.,Taiwan (Republic of China) (Unsolicited Ratings),China (People's Republic of ),Flextronics International Ltd.,Celestica Inc.,Jabil Circuit 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
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Hon Hai Precision Industry Co. Ltd.,Taiwan (Republic of China) (Unsolicited Ratings),China (People's Republic of ),Flextronics International Ltd.,Celestica Inc.,Jabil Circuit Inc.