Our credit view of this issuer reflects its global footprint, with 14% of turnover coming from emerging markets, against its exposure to the cyclical new construction industry.
Our credit view of this issuer reflects its global footprint, with 15% of turnover coming from emerging markets, against its exposure to the cyclical new construction industry.
Our credit view of this issuer balances the risks associated with the sizeable debt-financed acquisition with Assa Abloy's strong track record of high and stable profitability through cycle.