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Vestel Elektronik Sanayi Ve Ticaret A.S.

4166 word report published Feb 01, 2012

Price $400.00, add to your cart

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Abstract:

Efficient and flexible operations. Demonstrated shareholder support. Gradually rising shares in the European and Turkish liquid crystal display (LCD) TV markets. Sustained positions in the Turkish white goods market. Presence in highly competitive, fast-changing markets, particularly in brown goods. A less-than-adequate liquidity position due to reliance on short-term financing and a maturity in May 2012. Potentially volatile covenant headroom due to possible currency movements. Volatile and periodically negative cash flow generation. The ratings on Turkey-based brown and white goods manufacturer Vestel Elektronik Sanayi Ve Ticaret A.S. reflect what Standard&Poor's Ratings Services sees as Vestel's high reliance on short-term funding; high leverage and looming debt maturities; and volatile operating performance, partly reflecting uneven macroeconomic conditions in Turkey and foreign

Brief Excerpt:

RESEARCH Ratings Definitions PDF Vestel Elektronik Sanayi Ve Ticaret A.S. Publication date: 01-Feb-2012 Primary Credit Analyst: Alexander Griaznov, Moscow (7) 495-783-4109; alexander_griaznov@standardandpoors.com Surveillance Credit...

Report Type:

Full Report

Ticker:

VESTL@TI

Issuer:

Vestel Elektronik Sanayi Ve Ticaret A.S.

Sector:

Global Issuers

Country:

Turkey

Region:

Europe, Middle East, Africa

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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

Summary: Vestel Elektronik Sanayi Ve Ticaret A.S. $175.00
The ratings on Turkey-based brown and white goods manufacturer Vestel Elektronik Sanayi Ve Ticaret A.S. reflect what Standard&Poor's Ratings Services sees as Vestel's high reliance on short-term funding; high leverage and looming debt maturities; ...
Turkish Appliance Manufacturer Vestel Outlook To Positive On Potential For Improved Liquidity; 'B-' Rating Affirmed $100.00
The operating performance of Vestel Elektronik Sanayi Ve Ticaret A.S. improved in 2011. We believe Vestel should be able to generate positive discretionary cash flow in 2012. We are revising our outlook on Vestel to positive from stable and ...
Research Update: Turkish Appliance Manufacturer Vestel Outlook To Positive On Potential For Improved Liquidity; 'B-' Rating Affirmed $175.00
The operating performance of Vestel Elektronik Sanayi Ve Ticaret A.S. improved in 2011. We believe Vestel should be able to generate positive discretionary cash flow in 2012. We are revising our outlook on Vestel to positive from stable and ...
Vestel Elektronik Sanayi Ve Ticaret A.S. $400.00
Efficient and flexible operations. Demonstrated shareholder support. Gradually rising shares in the European and Turkish liquid crystal display (LCD) TV markets. Sustained positions in the Turkish white goods market. A highly competitive, fast-changing ...
Summary: Vestel Elektronik Sanayi Ve Ticaret A.S. $175.00
The ratings on Turkey-based brown and white goods manufacturer Vestel Elektronik Sanayi Ve Ticaret A.S. reflect what Standard&Poor's Ratings Services sees as Vestel's high reliance on various forms of short-term funding; its high leverage and ...
Summary: Vestel Elektronik Sanayi Ve Ticaret A.S. $175.00
The ratings on Turkey-based brown and white goods manufacturer Vestel Elektronik Sanayi Ve Ticaret A.S. reflect what we see as Vestel's high reliance on various forms of short-term funding; its high leverage; volatile operating performance, ...
Vestel Elektronik Sanayi Ve Ticaret A.S. $400.00
Efficient and flexible operations. Demonstrated shareholder support. Gradually rising share of the European and Turkish LCD TV markets and sustained positions in Turkish white goods market. Highly competitive, fast-changing market, particularly ...
Summary: Vestel Elektronik Sanayi Ve Ticaret A.S. $175.00
The ratings on Turkey-based brown and white goods manufacturer Vestel Elektronik Sanayi Ve Ticaret A.S. reflect what we see as Vestel's high reliance on various forms of short-term funding; its high leverage; volatile operating performance, ...

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