Home Credit Ratings and Research S&P Global Ratings’ Credit Research Ecolab Inc.

Summary: Ecolab Inc.

Published Jun 27, 2013

1752 words — Published Jun 27, 2013

Price US$ 225.00 | Buy this Report Now

About This Report

Abstract:

Favorable market position as the largest global player in most of its market segments Service component of the business insulates against raw material price volatility and is a barrier to entry for competition High and stable EBITDA margins in the 18% to 22% range Well diversified globally with nearly half of revenues from overseas Debt component of recent acquisitions has contributed to a weakening of leverage credit metrics We expect over the next year that funds from operations to total debt ratio will be in the low to mid portion of the 20% to 30% range we consider appropriate at the rating. Our view is that financial policy is supportive of current credit quality, despite the company's recent track record

Brief Excerpt:

RESEARCH Summary: Ecolab Inc. Publication date: 27-Jun-2013 Primary Credit Analyst: Paul J Kurias, New York (1) 212-438-3486; paul.kurias@standardandpoors.com Secondary Contact: Henry Fukuchi, New York (1) 212-438-2023; henry.fukuchi@standardandpoors.co...

Report Type:

Summary

Ticker

ECL

Issuer

Ecolab Inc.

GICS

Specialty Chemicals (15101050)

Sector

Global Issuers

Country

United States

Region

United States

Format:

HTML

Ecolab Inc. Outlook Is Revised To Positive On Stronger Operating Performance; 'BBB+' Rating Affirmed – 2014/03/28 – US$ 150.00

Research Update: Ecolab Inc. Outlook Is Revised To Positive On Stronger Operating Performance; 'BBB+' Rating Affirmed – 2014/03/28 – US$ 225.00

Summary: Ecolab Inc. – 2014/10/13 – US$ 225.00

Ecolab Inc.'s $2 Billion Commercial Paper Program Assigned 'A-2' Rating – 2014/12/03 – US$ 150.00

Ecolab Inc.'s Proposed $600 Million Senior Unsecured Notes Rated 'BBB+' – 2015/01/12 – US$ 150.00

Ecolab Inc. – 2012/12/17 – US$ 500.00

Summary: Ecolab Inc. – 2012/12/17 – US$ 225.00

Ecolab Inc. Proposed $500 Million Senior Unsecured Notes Assigned 'BBB+' Rating – 2012/12/10 – US$ 150.00

Ecolab Inc. Ratings Affirmed Following Acquisition Of Champion Technologies – 2012/10/12 – US$ 150.00

Research Update: Ecolab Inc. Ratings Affirmed Following Acquisition Of Champion Technologies – 2012/10/12 – US$ 225.00

More from S&P Global Ratings’ Credit Research

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.

About the Author

Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Summary: Ecolab Inc." Jun 27, 2013. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Ecolab-Inc-1153277>

APA:	S&P Global Ratings’ Credit Research. (). Summary: Ecolab Inc. Jun 27, 2013. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Ecolab-Inc-1153277>

US$ 225.00

$ £ €

Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

Example Report

Click to View Sample Report

More Research

Search all our Credit Research from one place.