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S&P Credit Research727 word report
published Jun 17, 2009
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S&P Credit Research
| Abstract: | MELBOURNE (Standard&Poor's) June 17, 2009--Standard&Poor's Ratings Services today said that it had placed its 'BBB+' corporate credit and debt ratings on CSR Ltd. on CreditWatch with negative implications. This follows CSR's announcement earlier today that it is pursuing a demerger of its sugar and renewable energy businesses. "The possible demerger of the sugar and renewable energy businesses will reduce CSR's cash flow diversification and weaken its business risk profile," Standard&Poor's credit analyst Peter Stephens said. "Should the demerger proceed, and depending on the aggressiveness of CSR's new capital structure, the long-term rating on CSR could be lowered multiple notches. However, CSR may maintain an investment-grade long-term rating—even with a more narrowly focused CSR building
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| Brief Excerpt: | RESEARCH Ratings Definitions CSR Ltd. Ratings Placed On CreditWatch Negative On Demerger Plan Publication date: 17-Jun-2009 Primary Credit Analyst: Peter Stephens, Melbourne (61) 3-9631-2078; peter_stephens@standardandpoors.com Secondary...
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| Report Type: | Ratings Action
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| Ticker: | CSR@AU
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| Issuer: | CSR Ltd.
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| GICS: | Industrial Conglomerates (20105010)
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| Sector: | Global Issuers
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| Country: | Australia
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| Region: | United States
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
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- Bulletin: CSR Ltd. Ratings Not Immediately Affected By Proposed Equity Raising $100.00
MELBOURNE (Standard&Poor's) Nov. 17, 2008--Standard&Poor's Ratings Services today said that its 'BBB+' corporate credit rating and negative outlook on CSR Ltd. are not immediately affected by CSR's proposed A$482 million equity raising. The ...
- CSR Ltd. $400.00
Significant business diversity Leading producer of building products, sugar, and aluminum in Australia Competitive cost position Weak credit metrics due to acquisitions Exposure to the Australian residential housing cycle and volatile global ...
