Home Credit Ratings and Research S&P Global Ratings’ Credit Research SRAM LLC

Summary: SRAM LLC

Published Aug 15, 2014

2082 words — Published Aug 15, 2014

Price US$ 225.00 | Buy this Report Now

About This Report

Abstract:

Operates in the highly competitive and niche bicycle component market where participants need to continually innovate products which could lead to revenue volatility if consumer preferences shift away from SRAM's products Good market position as the second largest operator in the bicycle component market. Has maintained market share with good product innovation and rollout Good track record of growing EBITDA and preserving market share We expect leverage to improve to the high-3x area in fiscal 2015 EBITDA coverage of interest will improve to the mid-5x area in fiscal 2015 We anticipate the company to continue to use the majority of free cash flows to repay debt over the projection period The negative outlook reflects our expectation for softness in operating

Brief Excerpt:

RESEARCH Summary: SRAM LLC Publication date: 15-Aug-2014 Primary Credit Analyst: Stephen Pagano, New York (1) 212-438-4484; stephen.pagano@standardandpoors.com Secondary Contact: Emile J Courtney, CFA, New York (1) 212-438-7824; emile.courtney@standarda...

Report Type:

Summary

Issuer

SRAM LLC

GICS

Leisure Products (25202010)

Sector

Global Issuers

Country

United States

Region

United States

Format:

HTML

Summary: SRAM LLC – 2015/05/11 – US$ 225.00

Research Update: SRAM LLC Rating Lowered To 'B+' On Weaker Operating Performance; Outlook Negative – 2015/10/26 – US$ 225.00

Research Update: SRAM LLC Rating Lowered To 'B' On Prolonged Elevated Leverage; Outlook Stable – 2016/02/24 – US$ 225.00

Research Update: SRAM LLC's Proposed $570 Million Term Loan B And $40 Million Revolving Credit Facility Are Rated 'B' – 2017/02/24 – US$ 225.00

Research Update: SRAM LLC 'B' Rating Outlook Revised To Positive On Improved Operating Performance Resulting In EBITDA Growth – 2017/09/14 – US$ 225.00

SRAM LLC 'BB-' Rating Outlook Revised To Negative From Stable On Weak Operating Performance – 2014/02/14 – US$ 150.00

Research Update: SRAM LLC 'BB-' Rating Outlook Revised To Negative From Stable On Weak Operating Performance – 2014/02/14 – US$ 225.00

SRAM LLC Upgraded To 'BB-' On Refinancing And Expected Deleveraging; Outlook Stable – 2013/03/14 – US$ 150.00

Research Update: SRAM LLC Upgraded To 'BB-' On Refinancing And Expected Deleveraging; Outlook Stable – 2013/03/14 – US$ 225.00

Summary: SRAM LLC – 2012/12/10 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "Summary: SRAM LLC" Aug 15, 2014. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-SRAM-LLC-1353689>

APA:	S&P Global Ratings’ Credit Research. (). Summary: SRAM LLC Aug 15, 2014. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-SRAM-LLC-1353689>

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