S&P Credit Research

Title:Summary: Lexmark International Inc.
Price:$175.00
Publication Date:May 09, 2008
Report Type:Summary
Abstract:The rating on Lexington, Ky.-based Lexmark International Inc. reflects the company's good financial profile with moderate leverage, and significant base of highly profitable supplies revenues. These factors are offset partially by a relatively narrow product base, a highly competitive market in which significantly larger and more diversified competitors dominate, and diminished earnings predictability. Lexmark is a global manufacturer of laser and inkjet printers and associated consumable supplies for the office and home markets. Lexmark reported total revenues of $1.2 billion in the quarter ended March 31, 2008, down 7% from the same period in the previous year. Total revenue declines are expected to continue in the near term as Lexmark works through a strategic business mix shift toward higher-usage and
Brief Excerpt:RESEARCH Ratings Definitions Summary: Lexmark International Inc. Publication date: ##-May-#### Primary Credit Analyst: Philip Schrank, New York (#) ###-###-####; phil_schrank@standardandpoors.com Credit Rating: ###/Negative/-- Rationale...
Word Count:669
Ticker:LXK
Issuer:Lexmark International Inc.
GICS:Computer Storage & Peripherals (45202020)
Sector:Global Issuers, Corporations, High Technology
Country:United States
Region:United States
Format:HTML HTML
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S&P Credit Research

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.

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