Solid competitive positions supported by different business lines and exposure to different end markets. Well-diversified sales in terms of geographic spread and customer distribution. Average profitability relative to the capital goods sector. Exposure to cyclical and fragmented end-markets including a high share of business in emerging markets. Our expectation of a continued solid track record of free cash flow generation. Low asset intensity. Considerable dividend payouts and acquisition-focused growth strategy. Our expectation that Schneider will maintain fully-adjusted debt leverage of less than 2x and funds from operations-to-debt ratio above 35%. The negative outlook on France-based Schneider Electric S.E. reflects the one-in-three possibility that Standard&Poor's Ratings Services could downgrade the company over 2014-2015 depending on the company's approach to
RESEARCH Summary: Schneider Electric S.E. Publication date: 16-Sep-2014 Primary Credit Analyst: Werner Staeblein, Frankfurt (49) 69-33-999-130; werner.staeblein@standardandpoors.com Secondary Contact: Per Karlsson, Stockholm (46)...
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Schneider Electric Outlook Revised To Stable; 'A-' Long-Term Rating Affirmed – 2015/07/08 – US$ 150.00
Research Update: Schneider Electric Outlook Revised To Stable; 'A-' Long-Term Rating Affirmed – 2015/07/08 – US$ 225.00
Summary: Schneider Electric S.E. – 2016/07/06 – US$ 225.00
Schneider Electric S.E. – 2016/09/05 – US$ 500.00
Summary: Schneider Electric S.E. – 2016/09/05 – US$ 225.00
Schneider Electric S.E. – 2014/09/16 – US$ 500.00
French Schneider Electric 'A-' Long-Term Rating Affirmed, Off Watch; 'A-2' Short-Term Rating Affirmed; Outlook Negative – 2013/12/23 – US$ 150.00
Research Update: French Schneider Electric 'A-' Long-Term Rating Affirmed, Off Watch; 'A-2' Short-Term Rating Affirmed; Outlook Negative – 2013/12/23 – US$ 225.00
France-Based Schneider Electric S.A. 'A-' Rating Still On Watch Neg Pending Regulatory Approval Of Invensys Acquisition – 2013/11/14 – US$ 150.00
Research Update: France-Based Schneider Electric S.A. 'A-' Rating Still On Watch Neg Pending Regulatory Approval Of Invensys Acquisition – 2013/11/14 – US$ 225.00
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