Summary: Phoenix Color Corp. - S&P Credit Research

Summary: Phoenix Color Corp.

625 words — Published Dec 13, 2005
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Abstract:

The ratings on Hagerstown, Md.-based Phoenix Color Corp. reflect the company's niche position in the printing industry as a printer of book components, heavy debt levels, small cash flow base, and competitive market conditions. This is mitigated in part by Phoenix Color's position as the largest independent North American printer of book components--mainly book jackets, paperback covers, and preprinted case covers. The company has maintained long-term customer relationships with most major book publishers--including HarperCollins, Pearson Publishing, Simon & Schuster, and McGraw-Hill--and its performance is highly dependent on the health of the publishing industry. The book component business contributes over 90% of the company's annual cash flow. Additionally, the company owns a small multi-color juvenile book manufacturing facility in Rockaway, N.J.

  
Brief Excerpt:

RESEARCH Ratings Definitions Summary: Phoenix Color Corp. Publication date: 13-Dec-2005 Credit Rating: B/Stable/-- Rationale The ratings on Hagerstown, Md.-based Phoenix Color Corp. reflect the company's niche position in the printing...

  
Report Type:

Summary

Issuer
Phoenix Color Corp.
Sector
Corporations, Global Issuers, Media & Entertainment
Format:
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MLA:
S&P Credit Research. "Summary: Phoenix Color Corp." Dec 13, 2005. Alacra Store. Nov 24, 2014. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Phoenix-Color-Corp-481525>
  
APA:
S&P Credit Research. (). Summary: Phoenix Color Corp. Dec 13, 2005. New York, NY: Alacra Store. Retrieved Nov 24, 2014 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Phoenix-Color-Corp-481525>
  
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