European Building Materials and Products Suffer from M&A Leverage
OREANDA-NEWS. Fitch Ratings shows in a new report that European building materials and products groups suffer from weak financial profiles that are now many notches below their Issuer Default Ratings (IDRs). The report illustrates when Fitch expects credit metrics to improve to a level commensurate with the ratings and explains why ratings in the sector are lower than business profiles would suggest. It benchmarks Fitch's company forecasts against quantitative rating guidelines.
This report highlights the key rating drivers of companies in the sector and explains the relative weight of individual factors in Fitch's credit analysis. It also features a compendium of Navigators for Fitch's rated universe of European building materials and products companies.