Summary: Aramark - S&P Global Ratings’ Credit Research

Summary: Aramark

Summary: Aramark - S&P Global Ratings’ Credit Research
Summary: Aramark
Published Jun 20, 2014
2135 words — Published Jun 20, 2014
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Abstract:

Consistent operating performance with stable revenue and cash flow generation; Substantial customer diversification and good geographic diversification within the U.S.; Satisfactory market position in U.S. food and support services; Subject to food cost volatility; and Potential inability to offset future probable health care cost increases. Moderate forecasted credit ratio improvement, including leverage below 4.5x and funds from operations (FFO) to total debt around 15%; Still majority owned by financial sponsors, though we expect this to decline over time; and Stable though somewhat seasonal cash flow generation. The stable outlook reflects our forecast that profitability will grow modestly from growth in the economy, outsourcing, and restructuring improvements. We expect that credit measures will remain about consistent with an "aggressive" financial risk

  
Brief Excerpt:

RESEARCH Summary: Aramark Publication date: 20-Jun-2014 Primary Credit Analyst: Gerald T Phelan, CFA, Chicago (1) 312-233-7031; gerald.phelan@standardandpoors.com Secondary Contact: Linda I Phelps, New York (1) 212-438-3059; linda.phelps@standardandpoor...

  
Report Type:

Summary

Issuer
GICS
Restaurants (25301040)
Sector
Global Issuers
Country
Region
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings 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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MLA:
S&P Global Ratings’ Credit Research. "Summary: Aramark" Jun 20, 2014. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Aramark-1335289>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Aramark Jun 20, 2014. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Aramark-1335289>
  
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