- Published: April 2012
- Region: Global
Summary: S&PCORRECT: ISS A/S Feb 13
- Published: February 2013
- Standard & Poors
The ratings on Denmark-based facilities services provider ISS A/S and related entities (ISS or the group) reflect Standard & Poor's Ratings Services' view of the group's "highly leveraged" financial risk profile and weak overall credit measures. The ratings also take into account the potential for shareholder-friendly policies as a result of ISS' majority ownership by private equity firms Goldman Sachs Capital Partners and EQT Partners, which we incorporate into our assessment of the group's "aggressive" financial policy. Another key risk may take the form of wage inflation, which could weigh negatively on ISS' operating profit margins if the group finds it difficult to pass the related cost increase onto customers. The group's weaknesses are partially mitigated by its "strong" business...
Companies mentioned in this report are:
- ISS A/S
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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 >