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Lincoln Electric System, NE's 2012 Bonds Are Rated 'AA' Jun 12

  • ID: 2173256
  • June 2012
  • Standard & Poors
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NEW YORK (Standard & Poor's) June 11, 2012--Standard & Poor's Ratings Services said it assigned its 'AA' rating and stable outlook to Lincoln Electric System (LES), Neb.'s series 2012 revenue and refunding bonds. At the same time, we affirmed the 'AA' rating on the system's outstanding revenue bonds and the 'A-1+' rating on the commercial paper program is affirmed. "The stable outlook reflects good financial management and the expectation that management will continue to react to rising costs with rate changes and the prudent use of rainy-day reserves," said Standard & Poor's credit analyst Peter Murphy. "If LES' financial margins or liquidity levels decline significantly, the rating could be lowered. We do not anticipate raising the rating during the next...

Companies mentioned in this report are:
- Lincoln Elec Sys

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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: 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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- Lincoln Elec Sys

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