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S&P Credit Research1539 word report
published Nov 03, 2009
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| Abstract: | The ratings on Houston, Texas-based WCA Waste Corp. (WCA) reflect the company's narrow scope of activities and limited geographic diversity; its exposure to construction and demolition cycles; a leveraged balance sheet with modest cushion under financial covenants; and the integration risk associated with a growth strategy dependent on debt-financed acquisitions. Only partially offsetting these factors are favorable overall industry characteristics; the company's experienced senior management team, which has a proven track record in acquisitions and integration; and attractive operating margins. WCA, which has annual revenues of about $200 million, is a publicly owned solid waste management company providing collection, transfer, and disposal services. With operations located exclusively in the South and Southeast U.S., the company serves about 355,000 residential, commercial,
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| Brief Excerpt: | RESEARCH Ratings Definitions Summary: WCA Waste Corp. Publication date: 03-Nov-2009 Primary Credit Analyst: Ket Gondha, New York (1) 212-438-6567; ketul_gondha@standardandpoors.com ( Editor's Note: This article was originally published...
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| Report Type: | Summary
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| Ticker: | WCAA
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| Issuer: | WCA Waste Corp.
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| GICS: | Environmental & Facilities Services (20201050)
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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
- WCA Waste Corp. $400.00
Generally favorable risk characteristics of the solid waste business; Experienced senior management team with a proven acquisition and integration track record; and Attractive operating margins, with an above-average internalization rate. Narrow ...
- Summary: WCA Waste Corp. $175.00
The ratings on Houston, Texas-based WCA Waste Corp. (WCA) reflect the company's narrow scope of activities and limited geographic diversity; its exposure to construction and demolition cycles; a leveraged balance sheet with modest cushion under ...
- WCA Waste Corp. Outlook Revised To Stable From Positive, 'B' Credit Rating Affirmed $100.00
NEW YORK (Standard&Poor's) Dec. 19, 2008--Standard&Poor's Ratings Services revised its outlook on Houston-based WCA Waste Corp. to stable from positive. At the same time, Standard&Poor's affirmed all the ratings, including the 'B' corporate ...
- Research Update: WCA Waste Corp. Outlook Revised To Stable From Positive, 'B' Credit Rating Affirmed $175.00
On Dec. 19, 2008, Standard&Poor's Ratings Services revised its outlook on Houston-based WCA Waste Corp. to stable from positive. At the same time, Standard&Poor's affirmed all the ratings, including the 'B' corporate credit rating, on WCA Waste. ...
- WCA Waste Corp. $400.00
Generally favorable risk characteristics of the solid waste business; Experienced senior management team with a proven acquisition and integration track record; and Attractive operating margins with an above average internalization rate. Narrow ...
- Summary: WCA Waste Corp. $175.00
The ratings on Houston, Texas-based WCA Waste Corp. (WCA) reflect the company's narrow scope of activities and limited geographic diversity; some exposure to construction and demolition cycles; integration risk associated with an active growth ...
- Summary: WCA Waste Corp. $175.00
The ratings on Houston, Texas-based WCA Waste Corp. (WCA) reflect the company's narrow scope of activities and limited geographic diversity; some exposure to construction and demolition cycles; integration risk associated with an active growth ...
- Summary: WCA Waste Corp. $175.00
The ratings on Houston, Texas-based WCA Waste Corp. (WCA) reflect the company's narrow scope of activities and limited geographic diversity; some exposure to construction and demolition cycles; integration risk associated with an active growth ...
