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

  • Asphalt: checking properties
    July 18, 2012
    Specialist equipment is available for carrying out a variety of important tests on asphalt It is important to know how asphalt will react to various conditions such as heat, cold and traffic loads when it is laid on roads. Project specifications will give detailed criteria of what is required, and companies will either ask outside laboratories to make sure the material meets the specs, or will often carry out such tests themselves with trained staff in an on-site laboratory. This will be equipped with the
    Read More
  • Atkins, Jacobs and PwC to advise on RIS3
    December 27, 2022
    The three consultancies will help England’s National Highways agency develop a business plan for its third five-year Road Investment Strategy plan, RIS3.
    Read More
  • US asphalt and quarry show highlights new technology
    May 8, 2015
    New technology was one key focus area for the World of Asphalt/AGG1 event run recently in the US city of Baltimore - Mike Woof writes Technology has been a major focus for the combined World of Asphalt and AGG1 2015 exhibition and conference held in Baltimore. The exhibition area attracted 450 exhibitors and covered a larger area than for previous events, while over 10,000 education season tickets were bought by those wanting to attend the presentation sessions. The event was held from March 17th- March
    Read More
  • IRF World Congress: moving ahead
    October 18, 2024
    On the last day of the three-day IRF World Congress in Istanbul, attendees heard what can work best, what can be improved and what the future might hold for those pursuing sustainable goals. David Arminas reports.
    Read More

Highlighted Content