Industry Report Card: U.S. Personal Care, Consumer Services, Apparel, And Tobacco Companies To Face Continued Credit Pressure Into 2013
16314 words —
Published Oct 29, 2012
| | |
| Abstract: | Our outlook for U.S. personal care, consumer services, apparel, and tobacco companies continues to be slightly negative for the remainder of 2012 and into 2013. This incorporates our base-case forecast for continued slow growth in the key U.S. macroeconomic factors that influence the consumer products sector, including consumer confidence and spending. This, together with worsening economic conditions in Europe and continued deceleration in emerging market growth, will moderate the global demand for consumer products, we believe. Also, we believe participants will face headwinds from foreign currency translation and still-high costs of some commodities (such as fuel and oil based resins), though some will begin to benefit from lower commodity costs (such as cotton and natural gas) during the second half |
| | |
| Brief Excerpt: | RESEARCH Ratings Definitions PDF Industry Report Card: U.S. Personal Care, Consumer Services, Apparel, And Tobacco Companies To Face Continued Credit Pressure Into 2013 Publication date: 29-Oct-2012 Primary Credit Analysts: Diane... |
| | |
| Report Type: | Commentary |
| Sector | Global Issuers, Structured Finance |
| Free Sample: | |
| Format: | | HTML |  |
|
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.
