S&P Gives Hillenbrand Negative Outlook Because of Batesville Decline
On May 15, 2012, Standard & Poor’s Ratings Services revised its rating outlook on Batesville, Ind.-based Hillenbrand Inc. to negative from stable. The article from Reuters says, “We believe ongoing weakness in the company’s mature burial casket business is placing increased pressure on Hillenbrand to diversify its activities. The growing potential for debt-financed acquisitions increases the possibility that adjusted debt to EBITDA might be sustained above 2x, which would be beyond our guideline for a “modest” financial risk profile.”
Over 15,000 Funeral Professional Know, ConnectingDirectors.com is Leading the Revolution!
Latest posts by CDFuneralNews (see all)
- Explore the World’s Most Morbid Tourist Attractions - January 28, 2015
- Selected Independent Funeral Homes Honors Goldstein as 2015 Recipient of Prestigious NextGen Award - January 28, 2015
- Batesville Offers Free Educational Webinars for Funeral Professionals – Feb. 24 – 27 - January 28, 2015