... economic conditions across most of their markets. If economic trends and credit mark ets fail to stabilize during 2009, negative rating actions could eventually become mor e common. However, Fitch anticipates that ratings will be generally stable through at least the near term, reflecting relatively strong financial profiles at many issuers wh o benefited from strong global growth prior to 2008. These issuers have sufficient flexib ility to adjust to a temporary decline in earnings and cash flow whil e maintaining credit measures consistent with existing ratings. The issuers most at risk for potentia l rating downgrades include those that have financial subsidiaries (Textron Inc. [TXT]), automotive exposure (Johnson Controls Inc. [JCI]), or higher-than-normal debt levels as a result of earlier acquisitions (Eaton Corp. [ETN]), or other discretionary spending. Impo rtant factors in 2009 that will affect the credit environment...
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| Report Type: | Special Report
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| Company(ies): | Tyco International Ltd., Honeywell International Inc., Harsco Corporation, ITT Corporation, Kennametal Inc., IDEX Corporation, Dover Corporation, Fluor Corporation, AMETEK, Inc., Hubbell Inc., Parker-Hannifin Corporation, Flowserve Corporation, Eaton Corporation, United Technologies Corporation, Cooper Industries, Limited, Rockwell Automation, Inc., Thomas & Betts Corporation, SPX Corporation
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| Ticker(s): | ETN , FLR , SPW , UTX , ROK , ITT , TNB , HUB.A , IEX , PH , DOV , FLS , CBE , AME , HON , HSC , KMT , TYC
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| Issuer: | Thomas & Betts Corporation
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| Free Sample: |
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| Format: | | PDF |  |
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