Summary: Livingston International Inc. - S&P Global Ratings’ Credit Research

Summary: Livingston International Inc.

Summary: Livingston International Inc. - S&P Global Ratings’ Credit Research
Summary: Livingston International Inc.
Published May 08, 2014
2100 words — Published May 08, 2014
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Abstract:

Dependent on cyclical crossborder trade volumes Operates in a highly competitive and fragmented market Stable growth prospects due to favorable industry dynamics High customer retention rates and flexible cost base Credit metrics expected to remain weak and within the indicative ratio for a "highly leveraged" financial risk profile Private equity ownership expected Debt-financed acquisitions and dividends could worsen credit metrics from our base-case scenario Stable free cash flow due to scalable asset-light business model Our assessment of a "weak" business risk profile and "highly leveraged" financial risk profile results in an initial analytical outcome (the "anchor") of 'b/b-'. We assess the anchor as 'b' instead of 'b-' based on the relative strength of the financial risk profile, which we expect

  
Brief Excerpt:

RESEARCH Summary: Livingston International Inc. Publication date: 08-May-2014 Primary Credit Analyst: Ron C Charbon, Toronto (1) 416-507-2516; ron.charbon@standardandpoors.com Secondary Contact: Jarrett Bilous, Toronto (1) 416-507-2593;...

  
Report Type:

Summary

Issuer
Livingston International Inc.
Sector
Global Issuers
Country
Canada
Region
Canada
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Livingston International Inc." May 08, 2014. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Livingston-International-Inc-1314161>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Livingston International Inc. May 08, 2014. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Livingston-International-Inc-1314161>
  
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