from
S&P Credit Research928 word report
published Aug 12, 2008
Price
$100.00 available for immediate download
Report Overview
Search Inside
About
S&P Credit Research
| Abstract: | LONDON (Standard&Poor's) Aug. 12, 2008--Standard&Poor's Ratings Services said today it revised its outlook to negative from stable on U.K.-based cereal sweetener, starch, and sugar manufacturer Tate&Lyle PLC. At the same time, Standard&Poor's affirmed its 'BBB' long-term corporate credit rating on Tate&Lyle. The short-term corporate credit rating was lowered to 'A-3' from 'A-2' as a result of the outlook revision. "The outlook revision reflects the deterioration of the company's financial metrics as evidenced by Tate&Lyle's adjusted debt to EBITDA of 3.8x in fiscal 2008, a ratio that is weak for the rating level," said Standard&Poor's credit analyst Diego Festa. At March 31, 2008, reported net debt increased
|
| Brief Excerpt: | RESEARCH Ratings Definitions Tate & Lyle Outlook To Negative On Weakened Financial Metrics; '###' Long-Term Rating Affirmed Publication date: 12-Aug-2008 Primary Credit Analyst: Diego Festa, London (44) 20-7176-3899; diego_festa@standardandpoors.com...
|
| Report Type: | Ratings Action
|
| Ticker: | TATE@LN
|
| Issuer: | Tate&Lyle PLC
|
| GICS: | Packaged Foods & Meats (30202030)
|
| Sector: | Consumer Products, Corporations, Global Issuers
|
| Country: | United Kingdom
|
| Region: | Europe, Middle East, Africa
|
| Free Sample: |
Click Here to Download
|
| 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.
Also from S&P Credit Research
- Tate&Lyle PLC $400.00
Leading competitive position in the U.S. starch industry. Continued focus on higher-value-added ingredients. Commodity nature of bulk of production volume in basic cereal sweeteners and starches. Constant need for innovation to sustain adequate ...
- Summary: Tate&Lyle PLC $175.00
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 increased emphasis on higher-value-added products. These strengths are tempered, however, ...
- Tate&Lyle PLC L-T Ratings Lowered To 'BBB-' On High Financial Leverage; 'A-3' S-T Rating Affirmed; Outlook Negative $100.00
LONDON (Standard&Poor's) Feb. 9, 2008--Standard&Poor's Ratings Services said today it lowered to 'BBB-' from 'BBB' its long-term corporate credit ratings on U.K.-based cereal sweetener, starch, and sugar manufacturer Tate&Lyle PLC and on guaranteed ...
- Research Update: Tate&Lyle PLC L-T Ratings Lowered To 'BBB-' On High Financial Leverage; 'A-3' S-T Rating Affirmed; Outlook Negative $175.00
On Feb. 9, 2008, Standard&Poor's Ratings Services lowered to 'BBB-' from 'BBB' its long-term corporate credit ratings on U.K.-based cereal sweetener, starch, and sugar manufacturer Tate&Lyle PLC and on guaranteed related entity Tate&Lyle International ...
- Summary: Tate&Lyle PLC $175.00
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 increased emphasis on higher-value-added products. These strengths are tempered, however, ...
- Tate&Lyle PLC $400.00
Increasing focus on higher-value-added categories Satisfactory mix of businesses Leading competitive position in the U.S. starch industry Constant need for innovation to sustain adequate proportion of value-added products Commodity nature of ...
- Research Update: Tate&Lyle Outlook To Negative On Weakened Financial Metrics; 'BBB' Long-Term Rating Affirmed $175.00
On Aug. 12, 2008, Standard&Poor's Ratings Services revised its outlook to negative from stable on U.K.-based cereal sweetener, starch, and sugar manufacturer Tate&Lyle PLC. At the same time, Standard&Poor's affirmed its 'BBB' long-term corporate ...
- Summary: Tate&Lyle PLC $175.00
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 ...
