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WASHINGTON, DC – The dog days of August are here and that can only mean one thing – it’s time to hit the road!
WASHINGTON, DC – The dog days of August are here and that can only mean one thing – it’s time to hit the road! Given lower gas prices and airport hassles, it may come as no surprise that vacationers prefer to hop into their cars instead of flying this season, according to the latest Auto Index from the Alliance of Automobile Manufacturers (Auto Alliance).
The Auto Alliance’s latest consumer survey revealed an overwhelming 60 percent of Americans prefer to drive to their summer vacation destination, compared to 27 percent who prefer to fly and only 4 percent who would rather take a train.
TRIS Rating affirms the company rating on AAPICO Hitech PLC (AH) at ?BBB+?. At the same time, we revise the rating outlook to ?stable? from ?negative?. The change in the rating outlook reflects an expected recovery in the company?s operating performance, which will improve its earnings and financial leverage.
The rating continues to reflect AH?s strong competitive position as a Tier-1 automotive parts manufacturer in Thailand, its solid core operations, and efficient cost control. These strengths are partially offset by the company?s rather thin profit margins, customer concentration risk, and the cyclical nature of the automotive industry. The rating also takes into consideration increasing exposure to overseas operations which could pose significant challenges while presenting opportunities to broaden market coverage.
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