Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for SKF AB > News item |
Fitch applies BBB to SKF, notes
Fitch Ratings said it assigned SKF AB a BBB long-term issuer default rating and F2 short-term issuer default rating.
The agency also assigned a senior unsecured rating of BBB to the company’s notes.
Fitch said the BBB rating reflects SKF's market-leading position, a diversified customer base, stable funds from operations (FFO) and free cash-flow (FCF) generation and sound liquidity.
Factors limiting the rating include exposure to some volatile end-markets, earnings margin pressure in its automotive division and moderate leverage levels, the agency added.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.