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European Aeronautic Defence and Space Co. N.V.

Published Nov 02, 2012

4601 words — Published Nov 02, 2012

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Abstract:

Strong competitive positions in most of the group's businesses, notably for large commercial aircraft. Financial flexibility and liquidity position with low financial maturities in 2012-2015. Strong order backlog in both civil and military business representing about 10 years of production. Gradually growing defense and service business and earnings contributions from these more stable sources of income. Structural disadvantage and risk of dollar-oriented revenue base with a euro cost base. Level of exposure to cyclical commercial aerospace segment through its Airbus division. Level of operational risk associated with execution of major aircraft programs. Complexity of shareholder structure and corporate governance. The ratings on Netherlands-based European Aeronautic Defence and Space Co. N.V. (EADS) are supported by the company's position as one of

Brief Excerpt:

RESEARCH European Aeronautic Defence and Space Co. N.V. Publication date: 02-Nov-2012 Primary Credit Analyst: Werner Staeblein, Frankfurt (49) 69-33-999-130; werner_staeblein@standardandpoors.com Secondary Contact: Eric Tanguy, Paris...

Report Type:

Full Report

Ticker

EAD@FP

Issuer

Airbus SE

GICS

Aerospace & Defense (20101010)

Sector

Global Issuers

Country

Netherlands

Region

United States

Format:

HTML

Summary: European Aeronautic Defence and Space Co. N.V. – 2013/05/22 – US$ 225.00

EADS Long-Term Rating Raised To 'A' On Expectation Of Continued Strong Financial Performance; Outlook Stable – 2013/09/06 – US$ 150.00

Research Update: S&PCORRECT: EADS Long-Term Rating Raised To 'A' On Expectation Of Continued Strong Financial Performance; Outlook Stable – 2013/09/12 – US$ 225.00

Summary: Airbus Group – 2014/04/29 – US$ 225.00

Airbus Group N.V – 2014/12/15 – US$ 500.00

Summary: European Aeronautic Defence and Space Co. N.V. – 2012/11/02 – US$ 225.00

Aeronautic Defense Company EADS Short-Term Rating Raised To 'A-1' Based On Our Criteria; Outlook Still Positive – 2012/10/02 – US$ 150.00

Research Update: Aeronautic Defense Company EADS Short-Term Rating Raised To 'A-1' Based On Our Criteria; Outlook Still Positive – 2012/10/02 – US$ 225.00

Summary: European Aeronautic Defence and Space Co. N.V. – 2012/05/08 – US$ 225.00

European Aeronautic Defence and Space Co. N.V. – 2011/11/07 – US$ 500.00

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MLA:	S&P Global Ratings’ Credit Research. "European Aeronautic Defence and Space Co. N.V." Nov 02, 2012. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/European-Aeronautic-Defence-and-Space-Co-N-V-1031458>

APA:	S&P Global Ratings’ Credit Research. (). European Aeronautic Defence and Space Co. N.V. Nov 02, 2012. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/European-Aeronautic-Defence-and-Space-Co-N-V-1031458>

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