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Industry Economic And Ratings Outlook: Despite The Tepid Economic Recovery, Ratings On U.S. Environmental Services Companies Should Remain Stable Aug 12
Standard & Poors, August 2012
Despite expectations for slower growth, Standard & Poor's Ratings Services' maintains its stable outlook for credit quality in the U.S. environmental services sector for the remainder of 2012 and into 2013. Despite the sluggish economy, waste collection and disposal services are essential, as they have no clear substitutes. As a result, we expect environmental companies to maintain profit margins through cost-cutting and reasonably consistent pricing. In addition, we generally view the industry as recession-resistant?the reason being that most companies have historically sustained satisfactory operating performance during periods of economic weakness and reduced waste volumes. Most of the environmental services companies we rate are performing in line with our expectations. The companies are operating with lower costs, the presence of fuel...
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.
- Browning-Ferris Industries Inc.
- Waste Management Holdings Inc.
- Gundle/SLT Environmental Inc.
- Waste Management Inc.
- Allied Waste Industries Inc.
- Clean Harbors Inc.
- Allied Waste North America Inc.
- Central Parking Corp.
- Republic Services Inc.
- Casella Waste Systems Inc.
- Waste Connections Inc.
- Synagro Technologies Inc.
- IESI Corp.
- Safety-Kleen Systems Inc.
- WCA Waste Corp.
- Covanta Holding Corp.
- EnergySolutions Inc.
- Chicago Parking Meters LLC
- Liberty Tire Recycling Holdco LLC
- Waste Industries U.S.A. Inc.