Mohawk Industries Inc. 'BBB' Rating Affirmed, Outlook Stable; Liquidity And Country Risk Assessments Revised - S&P Global Ratings’ Credit Research

Mohawk Industries Inc. 'BBB' Rating Affirmed, Outlook Stable; Liquidity And Country Risk Assessments Revised

Mohawk Industries Inc. 'BBB' Rating Affirmed, Outlook Stable; Liquidity And Country Risk Assessments Revised - S&P Global Ratings’ Credit Research
Mohawk Industries Inc. 'BBB' Rating Affirmed, Outlook Stable; Liquidity And Country Risk Assessments Revised
Published Aug 27, 2015
3 pages (1293 words) — Published Aug 27, 2015
Price US$ 150.00  |  Buy this Report Now

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Abstract:

We have updated our analysis of Calhoun, Ga.-based Mohawk Industries Inc., taking into account its most recent acquisitions of IVC Group and KAI Group and our base case scenario for the next three years. We are affirming our 'BBB' corporate credit rating on Mohawk and revising our assessments of its liquidity to "strong" from "adequate" and its country risk to "low" from "very low." The stable outlook reflects our expectation that credit measures will support an "intermediate" financial risk profile, with debt to EBITDA of between 2x and 3x and funds from operations to debt of about 40%. NEW YORK (Standard&Poor's) Aug. 27, 2015--Standard&Poor's Ratings Services said today it affirmed its ratings, including its 'BBB' corporate

  
Brief Excerpt:

...+ We have updated our analysis of Calhoun, Ga.-based Mohawk Industries Inc., taking into account its most recent acquisitions of IVC Group and KAI Group and our base case scenario for the next three years. + We are affirming our '###' corporate credit rating on Mohawk and revising our assessments of its liquidity to "strong" from "adequate" and its country risk to "low" from "very low." + The stable outlook reflects our expectation that credit measures will support an "intermediate" financial risk profile, with debt to EBITDA of between 2x and 3x and funds from operations to debt of about 40%. NEW YORK (Standard & Poor's) Aug. 27, 2015--Standard & Poor's Ratings Services said today it affirmed its ratings, including its '###' corporate credit rating, on Mohawk Industries Inc. The outlook is stable. We also revised our assessments of the company's liquidity to strong from adequate and its country risk to low from very low. "The outlook is stable, reflecting our expectation that EBITDA growth...

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
Home Furnishings (25201020)
Sector
Global Issuers
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MLA:
S&P Global Ratings’ Credit Research. "Mohawk Industries Inc. 'BBB' Rating Affirmed, Outlook Stable; Liquidity And Country Risk Assessments Revised" Aug 27, 2015. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Mohawk-Industries-Inc-BBB-Rating-Affirmed-Outlook-Stable-Liquidity-And-Country-Risk-Assessments-Revised-1443750>
  
APA:
S&P Global Ratings’ Credit Research. (). Mohawk Industries Inc. 'BBB' Rating Affirmed, Outlook Stable; Liquidity And Country Risk Assessments Revised Aug 27, 2015. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Mohawk-Industries-Inc-BBB-Rating-Affirmed-Outlook-Stable-Liquidity-And-Country-Risk-Assessments-Revised-1443750>
  
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