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S&P Credit Research1907 word report
published Jun 05, 2009
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S&P Credit Research
| Abstract: | Strong brand recognition; Stable cash flow and solid margins; and Leading share in the U.S. chocolate market. Narrow business focus, mainly within the chocolate confectionary market; Limited geographical diversification outside North America; and Exposure to volatile ingredient costs. The ratings on Hershey, Pa.-based The Hershey Co. reflect its leading market position in the U.S. chocolate and confectionary market, and its strong cash-generating ability. A relatively narrow business and geographic focus partially offset these strengths. Chocolate and confectionary markets account for the majority of total sales. The core chocolate business provides fairly stable earnings and strong profitability. Hershey is currently benefiting from some consumer trade down from premium chocolate, to more mainstream chocolate products, because of weak economic conditions. The company
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| Brief Excerpt: | RESEARCH Ratings Definitions Hershey Co. (The) Publication date: 05-Jun-2009 Primary Credit Analyst: Alison Sullivan, CFA, New York (1) 212-438-3007; alison_sullivan@standardandpoors.com Major Rating Factors Corporate Credit Rating...
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| Report Type: | Full Report
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| Ticker: | HSY
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| Issuer: | Hershey Co. (The)
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| GICS: | Packaged Foods & Meats (30202030)
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| Sector: | Global Issuers
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| Country: | United States
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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: Hershey Co. (The) $175.00
The ratings on Hershey, Pa.-based The Hershey Co. reflect its leading market position in the U.S. chocolate and confectionary market, and its strong cash-generating ability. A relatively narrow business and geographic focus partially offset ...
- Summary: The Hershey Co. $175.00
The ratings on Hershey, Pa.-based The Hershey Co. reflect its leading market position in the U.S. chocolate and confectionary market, and its strong cash-generating ability. A relatively narrow business and geographic focus partially offset ...
- The Hershey Co. $400.00
Strong brand recognition; Stable cash flow and solid margins for the packaged foods industry; and Leading share in the U.S. chocolate market despite challenges. Narrow business focus, mainly within the confectionary market; Limited geographical ...
- Summary: The Hershey Co. $175.00
The ratings on Hershey, Pa.-based The Hershey Co. reflect its leading market position in the U.S. chocolate and confectionary market, and its strong cash-generating ability. A relatively narrow business and geographic focus partially offsets ...
- The Hershey Co.'s $250 Million Senior Unsecured Notes Assigned 'A' Rating $100.00
NEW YORK (Standard&Poor's) March 24, 2008-- Standard&Poor's Ratings Services said today that it assigned its 'A' senior unsecured rating to the $250 million senior unsecured notes due 2013 offered by Hershey, Pa.-based The Hershey Company (A/Negative/A-1). ...
- The Hershey Co. Outlook Revised To Negative; 'A' Rating Affirmed $100.00
NEW YORK (Standard&Poor's) Jan. 24, 2008--Standard&Poor's Ratings Services said today it revised its outlook on Hershey, Pa.-based The Hershey Company to negative from stable, and affirmed existing ratings on the company, including the 'A' ...
- Research Update: The Hershey Co. Outlook Revised To Negative On Weak 2008 Forecast $175.00
On Jan. 24, 2008, Standard&Poor's Ratings Services revised its outlook on Hershey, Pa.-based The Hershey Company to negative from stable, and affirmed existing ratings on the company, including the 'A' corporate credit rating and 'A-1' commercial ...
- Bulletin: The Hershey Co. Ratings Currently Unaffected By Board Resignations $100.00
NEW YORK (Standard&Poor's) Nov. 13, 2007--Standard&Poor's Ratings Services said today that its rating on The Hershey Co. (A/Stable/A-1) is not affected at this time by the resignation of eight of 11 board members. Six board members resigned ...
