Formosa Petrochemical Corp. - S&P Global Ratings’ Credit Research

Formosa Petrochemical Corp.

Formosa Petrochemical Corp. - S&P Global Ratings’ Credit Research
Formosa Petrochemical Corp.
Published Oct 31, 2017
14 pages (4943 words) — Published Oct 31, 2017
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Strong domestic market position in the petrochemical and oil refining industries. Strong operating efficiency and product diversity. Higher risk on non-core steel investment. Highly cyclical commodity chemical industry. Asset concentration risk. Decreasing debt leverage due to still-strong operating cash flows and relatively low base-case capital expenditures for 2017-2018. Gradually decreasing guarantees on Formosa Ha Tinh Steel Corp.'s debt Strong Liquidity. The positive outlook on the Formosa Plastics group members reflects our view that the group will likely further lower its debt with sustained profitability and cash flow over the next one to two years. This could significantly increase its financial headroom for potential market volatility in both its core businesses and non-core investments and the large spending for the group's

  
Brief Excerpt:

...Decreasing debt leverage due to still-strong operating cash flows and relatively low base-case capital expenditures for 2017-2018....

  
Report Type:

Full Report

Ticker
6505@TT
Issuer
Formosa Petrochemical Corp.
GICS
Oil & Gas Refining & Marketing (10102030)
Sector
Global Issuers
Country
Taiwan
Region
Emerging Markets
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Formosa Petrochemical Corp." Oct 31, 2017. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Formosa-Petrochemical-Corp-1939992>
  
APA:
S&P Global Ratings’ Credit Research. (). Formosa Petrochemical Corp. Oct 31, 2017. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Formosa-Petrochemical-Corp-1939992>
  
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