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

  • IRF-Washington to host Third Latin America Regional Congress
    May 28, 2012
    IRF will host the Third Latin America Regional Congress at the Crowne Plaza Tequendama Hotel in Bogotá, Colombia, from 8-11 November 2010 with the support of Colombia's Highway Safety Prevention Fund, the Inter-American Development Bank, the Colombian Ministry of Transport, the National Institute of Concessions, the National Highway Institute, and the Mobility Department of the City of Bogotá. The Congress will feature direct participation by leading local and regional decision-makers, including notably Ger
    Read More
  • ERF sets out plans for 2014 symposium
    May 19, 2014
    The road infrastructure sector, in its strive to deliver better products for its customers, such as road authorities, has worked hard to develop innovative solutions. These are intended to be more durable, making them more cost-effective in the long-run, and also more environmentally friendly. In its efforts, however, it has often been frustrated by a rigid legal framework that leaves little room for manoeuvre to its customers. Until last year, existing rules for public procurement at EU level gave almost u
    Read More
  • Smoother surfaces
    September 11, 2014
    Efficient new soil compaction machines featuring the latest technology are now coming to market – Mike Woof reports The start of 2014 has seen a major development for the construction equipment sector, with the Tier 4 Final emissions requirements at last beginning to take effect. The implications of the drive towards the introduction of low emission engine technology have been seen right across the off-highway machinery equipment industry, and the soil compaction segment is no exception.
    Read More
  • High reach excavator safety training launched
    April 11, 2012
    New demolition tolls are coming to market while safety training for high reach excavator operators has been establishe.d With the Intermat equipment exhibition due shortly, various manufacturers are offering new demolition tools to the market. Meanwhile the UK's National Federation of Demolition Contractors (NFDC) is now setting a lead in the sector by offering a high reach excavator training course. The NFDC has partnered with the National Demolition Training Group (NDTG) to develop the world's first train
    Read More

Highlighted Content