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S&P Credit Research1325 word report
published Jul 13, 2009
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S&P Credit Research
| Abstract: | The ratings on U.K.-based Reed Elsevier PLC and Netherlands-based Reed Elsevier N.V.--the joint parent companies of the Reed Elsevier group--are analyzed on a consolidated basis and reflect the strong market position of the group's on-line, electronic, and print-based publishing activities; proprietary content; and growing information solutions businesses. The ratings are constrained, however, by high debt leverage. They are also constrained by the need for ongoing investment in new products and content distribution platforms, within an environment of rapid and constant change in subject matter technology, and exposure to advertising markets at the group's business-to-business (B2B) division. Reed Elsevier group reported an increase in revenues of 7% and adjusted operating profit of 12% in the 2008 financial year, at constant currencies.
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| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Reed Elsevier Group Publication date: 13-Jul-2009 Primary Credit Analyst: Raam Ratnam, London (44) 207-176-7066; raam_ratnam@standardandpoors.com Secondary Credit Analyst: Manuela Gabetta, London...
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| Report Type: | Summary
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| Ticker: | REL@LN
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| Issuer: | Reed Elsevier PLC
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| GICS: | Publishing (25401040)
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| Sector: | Global Issuers
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| Country: | United Kingdom
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| Region: | Europe, Middle East, Africa
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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
- Bulletin: Reed Elsevier Ratings And Outlook Are Not Immediately Changed By Share Placement, But Rating Headroom Should Improve $100.00
LONDON (Standard&Poor's) Aug. 3, 2009--Standard&Poor's Ratings Services said today that its ratings and outlook on Reed Elsevier Group (BBB+/Negative/A-2) are not affected by the share placement of approximately £824 million ($1.36 billion ...
- Reed Elsevier Group $400.00
Leading position as provider of proprietary information to the scientific, medical, legal, and business sectors High proportion of subscription sales, with good renewal rates Successful migration of content to on-line distribution channels ...
- Rating On Reed Elsevier Cut To 'BBB+' Following Cessation of RBI Disposal; Outlook Negative $100.00
LONDON (Standard&Poor's) Dec. 12, 2008--Standard&Poor's Ratings Services said today that it lowered its long-term corporate credit and senior unsecured debt ratings on U.K.-based Reed Elsevier PLC and Netherlands-based Reed Elsevier N.V.--the ...
- Research Update: Rating On Reed Elsevier Cut To 'BBB+' Following Cessation of RBI Disposal; Outlook Negative $175.00
On Dec. 12, 2008, Standard&Poor's Ratings Services lowered its long-term corporate credit and senior unsecured debt ratings on U.K.-based Reed Elsevier PLC and Netherlands-based Reed Elsevier N.V.--the joint parent companies of the Reed Elsevier ...
- Summary: Reed Elsevier PLC $175.00
The ratings on U.K.-based Reed Elsevier PLC and Netherlands-based Reed Elsevier N.V.--the joint parent companies of the Reed Elsevier group--are analyzed on a consolidated basis and reflect the strong market position of the group's online, ...
- Reed Elsevier Group $400.00
Leading position as provider of proprietary information to the scientific, medical, legal, and business sectors High proportion of subscription sales, with good renewal rates Successful migration of content to online distribution channels Well-diversified ...
- Summary: Reed Elsevier Group $175.00
The ratings on U.K.-based Reed Elsevier PLC and Netherlands-based Reed Elsevier N.V.--the joint parent companies of the Reed Elsevier group--are analyzed on a consolidated basis and reflect the strong market position of the group's online, ...
- Reed Elsevier 'A-' Rating Affirmed; Off Watch; Outlook Negative $100.00
LONDON (Standard&Poor's) May 12, 2008--Standard&Poor's Ratings Services said today it affirmed its 'A-' long-term and 'A-2' short-term corporate credit ratings on U.K.-based Reed Elsevier PLC and Netherlands-based Reed Elsevier N.V.--the joint ...
