- Language: English
- 83 Pages
- Published: October 2010
- Region: Philippines
Summary: The Pantry Inc. Jan 13
- Published: January 2013
- Standard & Poors
The ratings on Cary, N.C.-based convenience store operator The Pantry Inc. reflect Standard & Poor's Ratings Services' view that credit metrics should remain consistent with our assessment of a "highly leveraged" financial profile because of its elevated, but declining, debt levels and cash flow volatility associated with its dependence on fuel prices. Our view of the company's business risk profile as "weak" incorporates its participation in the fragmented and highly competitive convenience store industry, exposure to volatile fuel costs that could affect performance measures, and geographic concentration in the Southeastern U.S. Pantry recently appointed a new chief financial officer, but we do not anticipate a change in financial policy in the next year. The company recently reduced debt with existing...
Companies mentioned in this report are:
- The Pantry 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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >
- The Pantry Inc.