| Abstract: | The ratings on U.K.-based cereal sweetener, starch, and sugar manufacturer Tate&Lyle PLC reflect the company's leading positions in its main markets and growing focus on higher-value-added products. These strengths are tempered, however, by the commodity-like features of the bulk of the company's sweetener and starch output, which result in some earnings volatility. The ratings are further constrained by the constant need for innovation to sustain an adequate proportion of value-added products, which requires high investment. Owing to the industry's high rate of commoditization, Tate&Lyle's strategy has been increasingly focused on widening its product portfolio of new value-added categories such as specialty starches and sucralose, which generate higher margins and earnings visibility. As part of this strategy,
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| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Tate & Lyle PLC Publication date: 09-Aug-2007 Credit Rating: ###/Stable/A-2 Rationale The ratings on U.K.-based cereal sweetener, starch, and sugar manufacturer Tate & Lyle PLC reflect the company's...
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| Report Type: | Summary
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| Ticker: | TATE@LN
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| Issuer: | Tate&Lyle PLC
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| GICS: | Packaged Foods & Meats (30202030)
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| Sector: | Consumer Products, Corporations, 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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| Format: | | HTML |  |
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