Summary: TRW Automotive Inc. - S&P Global Ratings’ Credit Research

Summary: TRW Automotive Inc.

Summary: TRW Automotive Inc. - S&P Global Ratings’ Credit Research
Summary: TRW Automotive Inc.
Published Apr 11, 2013
2064 words — Published Apr 11, 2013
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Leading market position in active and passive auto safety products. Fair product and geographic diversity across the globe. Good technology and value-added content. Susceptible to weakness in Europe, especially if it is more severe than expected. Highly cyclical and competitive markets. Somewhat concentrated customer base. Low leverage that we expect to remain under 2x. Free cash flow generation expected even if auto demand does not improve substantially. Higher capital spending to further expand in emerging markets. Exposure to volatile commodity prices. The positive rating outlook reflects our view that a one-third chance exists that we could raise the corporate credit rating on TRW to the investment-grade level within the next year. We believe an upgrade is feasible, given our expectation

  
Brief Excerpt:

RESEARCH Summary: TRW Automotive Inc. Publication date: 11-Apr-2013 Primary Credit Analyst: Nancy C Messer, CFA, New York (1) 212-438-7672; nancy_messer@standardandpoors.com Secondary Contact: Lawrence Orlowski, CFA, New York (1)...

  
Report Type:

Summary

Ticker
357970Z
Issuer
TRW Automotive Inc.
GICS
Auto Parts & Equipment (25101010)
Sector
Global Issuers, Structured Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: TRW Automotive Inc." Apr 11, 2013. Alacra Store. May 02, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-TRW-Automotive-Inc-1115228>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: TRW Automotive Inc. Apr 11, 2013. New York, NY: Alacra Store. Retrieved May 02, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-TRW-Automotive-Inc-1115228>
  
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