Issuer Ranking: Global Auto Suppliers, Strongest To Weakest Jun 12

  • ID: 2183861
  • June 2012
  • Region: Global
  • Standard & Poors
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  • Accuride Corp.
  • Cooper Tire & Rubber Co.
  • Federal-Mogul Corp.
  • Johnson Controls Inc.
  • MetoKote Corp.
  • Stoneridge Inc.
  • MORE

Standard & Poor's Ratings Services continues to view credit quality in the global auto and truck supplier sector as stable, despite the impact of a slow recovery in the U.S., a likely recession in Europe, and slower growth in Asia and South America. Many global suppliers entered 2012 with generally healthy profits and cash balances, and some have credit measures that provide flexibility in the ratings that we consider appropriate, given an uncertain economic outlook. Downside credit risk will be concentrated among those suppliers with substantial exposure to those European volume makers with less exposure to the strongly recovering North American market or to developing markets. We see more limited downside risk for the suppliers with good exposure to U.S.-based...

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.

Note: Product cover images may vary from those shown
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- Cooper Tire & Rubber Co.
- Dana Holding Corp.
- Federal-Mogul Corp.
- The Goodyear Tire & Rubber Co.
- Johnson Controls Inc.
- Robert Bosch GmbH
- Metaldyne LLC
- Exide Technologies
- Denso Corp.
- Lear Corp.
- Harman International Industries Inc.
- Transtar Holding Co.
- Magna International Inc.
- Remy International Inc.
- BorgWarner Inc.
- Penske Automotive Group Inc.
- Accuride Corp.
- FleetPride Corp.
- Sonic Automotive Inc.
- Group 1 Automotive Inc.
- Stoneridge Inc.
- American Axle & Manufacturing Holdings Inc.
- GKN Holdings PLC
- Tenneco Inc.
- Continental AG
- Autoliv Inc.
- Visteon Corp.
- Meritor Inc.
- Shiloh Industries Inc.
- Knorr-Bremse AG
- Compagnie Generale des Etablissements Michelin S.C.A.
- AutoNation Inc.
- MetoKote Corp.
- Asbury Automotive Group Inc.
- Toyota Industries Corp.
- TRW Automotive Inc.
- Aisin Seiki Co. Ltd.
- Cooper-Standard Automotive Inc.
- American Tire Distributors Inc.
- Piaggio & C. SpA
- Commercial Vehicle Group Inc.
- PT Gajah Tunggal Tbk.
- Europcar Groupe S.A.
- KAR Auction Services Inc.
- Hyundai Mobis Co. Ltd.
- Allison Transmission Inc.
- LKQ Corp.
- Pittsburgh Glass Works LLC
- Dayco LLC
- TMD Friction Group S.A.
- HHI Holdings LLC
- Schaeffler Verwaltung Zwei GmbH
- Diversified Machine Inc.
- A.T.U Auto-Teile Unger Handels GmbH & Co. KG
- Tower International Inc.
- Pinafore Holdings B.V.
- Grede Holdings LLC
- Hyva Global B.V.
- Autoparts Holdings Ltd.
- International Automotive Components Group S.A.
- Stackpole Powertrain International ULC
- UCI Holdings Ltd.
- Affinia Group Intermediate Holdings Inc.
- Delphi Automotive PLC
- August Cayman Intermediate Holdco, Inc
- Wabash National Corp.
- Waupaca Foundry Inc.

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Note: Product cover images may vary from those shown





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