American Safety Razor Company http://www.alacrastore.com/company-snapshot/American_Safety_Razor_Company-1000869 Friday, July 25, 2008 11:28:53 PM 1000869 American Safety Razor Company en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/bir/5917bir/5917normAmerican Safety Razor Co.United StatesManufacturing: Manufacturer of personal care consumer products including shaving razors and blades, cotton and foot care, and custom bar soap.342128413322113256112415FI6/3/2008 2:04:00 PM5917Company Profiles & FinancialsGale Company Profileshttp://www.alacrastore.com/storecontent/spcred/644453spcred/644453normThe latest Summary from S&Pglobal4/23/2008 8:28:12 PM175Summary644453United StatesHousewares & SpecialtiesUnited StatesGlobal IssuersCorporationsConsumer ProductsSummaryThe rating on Cedar Knolls, N.J.-based American Safety Razor Co. (ASR) reflects the company's high debt leverage, narrow product focus, aggressive financial policy, and small size in a sector dominated by companies with substantially greater financial resources. ASR maintains good market position as a private-label/value manufacturer and marketer of razors and blades. ASR competes against bigger players in the razor and blade category by maintaining a solid private-label/value share in the consumer market, and by pursuing niche markets such as specialty industrial and medical blades. Despite this defensive operating strategy, the company is vulnerable to pricing and market share actions by competitors. ASR's revenue increased 10% in fiscal 2007 because of new product introductions and higher sales volumes on existingUSA02936H02936L02936225201050 252010 2520 25American Safety Razor Co.301939USARAZRSUMMARYGLOBISSCORPConsumerCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/COP_600016626moodys/COP_600016626htmlGlobal Credit Research Credit Opinion # JUN #### Credit Opinion: American Safety Razor Company American Safety Razor Company New Jersey, United States Ratings Category Moody's Rating Outlook Stable Corporate Family Rating B# Sr Sec...1/4/2008 2:20:00 AMhtmlAmerican Safety Razor CompanyAmerican Safety Razor Company600016626150.0000NewsCredit OpinionCOP_600016626Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/610206spcred/610206normThe latest Summary from S&P10/29/2007 6:33:57 PMSummary175global610206United StatesHousewares & SpecialtiesUnited StatesGlobal IssuersCorporationsConsumer ProductsSummaryThe rating on Cedar Knolls, N.J.-based American Safety Razor Co. (ASR) reflects the company's high debt leverage, narrow product focus, aggressive financial policy, and small size in a sector dominated by companies with substantially greater financial resources. ASR maintains good market position as a private-label/value manufacturer and marketer of razors and blades. ASR competes against bigger players in the razor and blade category by maintaining a solid private-label/value share in the consumer market, and by pursuing niche markets such as specialty industrial and medical blades. Despite this defensive operating strategy, the company is vulnerable to pricing and market share actions by competitors. ASR's revenue increased 9.5% for the first half of fiscal 2007 and 6.1% in fiscal 2006 because ofUSA02936202936H02936L25201050 252010 2520 25American Safety Razor Co.301939USARAZRSUMMARYGLOBISSCORPConsumerCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/610203spcred/610203normThe latest Full Report from S&P10/29/2007 3:35:58 PMFull Report400global610203United StatesHousewares & SpecialtiesUnited StatesGlobal IssuersCorporationsConsumer ProductsFull ReportGood market position in the private-label blades and razor category. Aggressive financial policy; High debt leverage; Small sales and earnings base; and Highly competitive operating environment. The rating on Cedar Knolls, N.J.-based American Safety Razor Co. (ASR) reflects the company's high debt leverage, narrow product focus, aggressive financial policy, and small size in a sector dominated by companies with substantially greater financial resources. ASR maintains good market position as a private-label/value manufacturer and marketer of razors and blades. ASR competes against bigger players in the razor and blade category by maintaining a solid private-label/value share in the consumer market, and by pursuing niche markets such as specialty industrial and medical blades. Despite this defensive operating strategy, the company is vulnerableUSA02936202936H02936L25201050 252010 2520 25American Safety Razor Co.301939USARAZRFULLGLOBISSCORPConsumerCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/598950spcred/598950normThe latest Summary from S&P8/30/2007 11:46:14 PMSummary175global598950United StatesHousewares & SpecialtiesUnited StatesGlobal IssuersCorporationsConsumer ProductsSummaryThe rating on Cedar Knolls, N.J.-based American Safety Razor Co. (ASR) reflects the company's high debt leverage, narrow product focus, aggressive financial policy, and small size in a sector dominated by companies with substantially greater financial resources. ASR maintains good market position as a private-label/value manufacturer and marketer of razors and blades. ASR competes against bigger players in the razor and blade category by maintaining a solid private-label/value share in the consumer market, and by pursuing niche markets such as specialty industrial and medical blades. Despite this defensive operating strategy, the company is vulnerable to pricing and market share actions by competitors. ASR's revenue increased 9.5% for the first half of fiscal 2007 and 6.1% in fiscal 2006 because ofUSA02936202936H02936L25201050 252010 2520 25American Safety Razor Co.301939USARAZRSUMMARYGLOBISSCORPConsumerCredit & Investment ResearchS&P Credit Research