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S&P Credit Research7079 word report
published Jul 02, 2009
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S&P Credit Research
| Abstract: | Global network, with leading market positions in international European and Asian express delivery services Dominant position in German Mail market supports group cash flow generation Global No.1 integrated logistics provider Significant disposal proceeds to fund restructuring and provide liquidity Regulatory risk and structural volume decline in Mail division Below-par profitability of businesses outside domestic Mail operations Significant restructuring commitments at U.S. Express Vulnerability to trading volume declines given high level of operational gearing to support global network The rating on Germany-based postal service provider Deutsche Post AG (DP) reflects the group's strong business risk profile, supported in particular by its cash-generative Mail business, its predominant position as a global integrated logistics provider, and its intermediate financial profile. These strengths are,
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| Brief Excerpt: | RESEARCH Ratings Definitions Deutsche Post AG Publication date: 02-Jul-2009 Primary Credit Analyst: Leigh Bailey, London (44) 20-7176-3780; leigh_bailey@standardandpoors.com Secondary Credit Analyst: Eve Greb, Frankfurt (49) 69-33-999-124;...
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| Report Type: | Full Report
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| Ticker: | DPW@GR
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| Issuer: | Deutsche Post AG
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| GICS: | Air Freight & Logistics (20301010)
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| Sector: | Global Issuers, Public Finance, Structured Finance
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| Country: | Germany
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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.
Also from S&P Credit Research
- Summary: Deutsche Post AG $175.00
The rating on Germany-based postal service provider Deutsche Post AG (DP) reflects the group's strong business risk profile, supported in particular by its cash-generative Mail business, its predominant position as a global integrated logistics ...
- Summary: Deutsche Post AG $175.00
The rating on Germany-based postal service provider Deutsche Post AG (DP) reflects the group's strong business risk profile, supported in particular by its cash-generative Mail business, its predominant position as a global integrated logistics ...
- Bulletin: Deutsche Post 'BBB+' Ratings Unaffected By Doubling Of Restructuring Charge At U.S. Express $100.00
LONDON (Standard&Poor's) Nov. 11, 2008--Standard&Poor's Ratings Services said today that its rating and outlook on Deutsche Post AG (DP; BBB+/Negative/A-2) remain unchanged following the Germany-based postal service provider's announcement ...
- Deutsche Post AG 'BBB+' Corporate Credit Rating Affirmed; Outlook Revised To Negative $100.00
LONDON (Standard&Poor's) Oct. 27, 2008--Standard&Poor's Ratings Services said today it revised its outlook on Germany-based postal service provider Deutsche Post AG (DP) to negative from stable following the group's cut in its profit outlook ...
- Research Update: Deutsche Post AG Outlook Revised To Negative On Profit Outlook; 'BBB+' Rating Affirmed $175.00
On Oct. 27, 2008, Standard&Poor's Ratings Services revised its outlook on Germany-based postal service provider Deutsche Post AG (DP) to negative from stable following the group's cut in its profit outlook for 2008 and, given market uncertainty, ...
- Bulletin: Deutsche Post 'BBB+' Rating Unchanged By Sale Of Minority Stake In Postbank To Deutsche Bank $100.00
LONDON (Standard&Poor's) Sept. 12, 2008--Standard&Poor's Ratings Services said today that its rating and outlook on Deutsche Post AG (DP; BBB+/Stable/A-2) remain unchanged following the Germany-based postal service provider's announcement earlier ...
- Deutsche Post AG $400.00
Competitive platform in Mail, Express, Logistics, and Financial Services Mail division has overall stable and significant cash flows for the foreseeable future Mail performance and cash flows provide protection for the group, giving it a solid ...
- Summary: Deutsche Post AG $175.00
The ratings on Germany-based postal service provider Deutsche Post AG (DP) reflect the group's strong business risk profile, supported in particular by its cash-generative Mail business and strong ongoing free cash flow generation. The ratings ...
