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S&P Announces: Summary Analysis -- Amsted Industries Inc.

Publication: Business Wire
Publication Date: 07-JUN-04
Format: Online - approximately 611 words
Delivery: Immediate Online Access

Article Excerpt
Business Editors

NEW YORK--(BUSINESS WIRE)--June 7, 2004

Amsted Industries Inc:

Credit Rating History: Local currency Foreign currency 25-Jul-2003 BB-/-- BB-/--

Rationale

The ratings on privately held Amsted Industries Inc. reflect an aggressive financial profile, characterized by high debt leverage and weak cash flow protection measures. These factors are offset partly by Amsted's solid niche market positions, exposure to three, albeit, cyclical markets, and long-standing customer relationships.

Chicago, Ill.-based Amsted manufactures highly engineered industrial components for the railroad (39% of revenues for the fiscal second quarter, ended April 3, 2004), vehicular...

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