Welcome to JSA Consultancy Services

A business consultancy, based in London, England, John Sacks' JSA Consultancy Services provides expert, in-depth, information advice and guidance as to how to exploit successfully the office furniture and interiors markets in Europe, North America, Australasia and Japan.

S&P and Steelcase ratings

Monday 19 July 2010

A Standard & Poor\'s analyst affirmed his ratings on U.S. office furniture maker Steelcase and removed it from CreditWatch with negative implications.
Consumers cut back on buying high-priced items during the recession, hurting the furniture industry.
But S&P analyst Rick Joy said demand is improving.
\"We believe U.S. office furniture manufacturer Steelcase\'s recent performance has shown improving trends and that this positive momentum will continue over the next year as demand recovers,\" he said.
The negative outlook reflects \"an uncertain economic environment and credit measures that are currently very weak for the rating, though we expect substantial improvement over the near term as the company\'s business recovers,\" he added.
S&P has a \"BBB-\" corporate credit rating on Steelcase, a medium grade, investment grade rating.
Steelcase\'s shares ended Monday up 4 cents at $6.87

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JSA Consultancy Services
4-5 Gray’s Inn Square, Gray’s Inn,
London, WC1R 5AH, England


+44 (0) 20 7670 1510