Strabag grade rating maintained at BBB and Group outlook stable

Austrian construction group Strabag has maintained its Standard & Poor (S&P) investment grade rating of BBB – while also retaining its stable outlook. Explaining its decision, S&P cited Strabag’s well-diversified and vertically integrated business, its access to raw materials, and the group’s adequately high liquidity. However, S&P says Strabag is in a cyclical and intensely competitive market with high project risks and low margins. According to S&P, Strabag currently has sufficient room to manoeuvre regar
January 2, 2013 Read time: 1 min
Austrian construction group 945 Strabag has maintained its Standard & Poor (S&P) investment grade rating of BBB – while also retaining its stable outlook.

Explaining its decision, S&P cited Strabag’s well-diversified and vertically integrated business, its access to raw materials, and the group’s adequately high liquidity. However, S&P says Strabag is in a cyclical and intensely competitive market with high project risks and low margins.

According to S&P, Strabag currently has sufficient room to manoeuvre regarding the key performance indicators for the BBB- rating. The company will need this manoeuvrability, says S&P, in case the stronger price pressure in the sector leads to a short-to-medium-term deterioration of results.

For more information on companies in this article

Related Content

  • Cellular Confinement Systems Get “Tough”
    May 10, 2012
    An Interview with PRS-Med’s VP of Business Development and Marketing Hadas Levin by Chris Kelsey The year 1977 has become a watershed year for polymeric construction materials. Dr. J.P. Giroud coined the terms ‘geotextile’ and ‘geomembrane’ in a key paper at the First International Conference on Geosynthetics; and the United States Army Corps of Engineers (USACE) published a report on its testing of cellular confinement systems (first undertaken in Vicksburg, Mississippi in 1975). The investigations in Mis
    Read More
  • Developments in asphalt paving machines increases competition
    April 10, 2012
    With the asphalt paving segment split broadly into two methods, American or European,. it is no surprise that manufacturers. from these countries have dominated the market for some years. An interesting development in recent times has been seen with various European firms developing asphalt pavers to suit North American needs, including BOMAG, Dynapac and Vögele. Caterpillar and Volvo by comparison both offer both European and US-style pavers, with separate model ranges that have been developed over many ye
    Read More
  • India’s infrastructure programme continues
    October 26, 2020
    The Indian Government continues to show high levels of aggressiveness for developing its road infrastructure.
    Read More
  • Crushing and screening for producing and re-using
    July 23, 2012
    The recycling and minerals extraction markets now share technologies, Mike Woof reports Not surprisingly, the Steinexpo quarrying event in Germany was a key launch venue for new crushing and screening technologies, as well as associated quarrying technology. Crushing and screening equipment firms from a wide range of European countries including Austria, the Czech Republic, Germany, Ireland, Italy, Sweden, Switzerland and the UK were present at the exhibition. However it was noticeable how closely the miner
    Read More

Highlighted Content