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

  • Upgrades to existing plants with retrofits
    June 24, 2021
    Existing mix plants can be upgraded significantly by retrofitting, as has been seen by a plant upgrade for a client in Mintraching, close to Regensburg in Bavaria
    Read More
  • When the rain comes
    July 18, 2012
    Statistics show that wet weather and the dark is not the best mix for driving, but road markings offer a safety solution While good road markings are essential any time of the day, it is perhaps at night when roads are wet that they can offer extra guidance. Statistics are said to reveal that an estimated 50% of all accidents happen during the night when it rains but such conditions occur only 10% of the time and when there are usually less vehicles on the road. Indeed, at the 1st Road Marking Symposium hel
    Read More
  • Thomas Concrete Group acquires more plants in USA
    May 14, 2015
    The Swedish Thomas Concrete Group has acquired assets of Coastal Concrete, a US company which operates ten concrete plants in Georgia and South Carolina. As a result, the group is strengthening its position in the concrete market across a large region on the US east coast between Atlanta and Raleigh. Coastal Concrete is one of the leading producers of ready-mixed concrete in several major cities along the Atlantic coast of Georgia and South Carolina, and the acquisition will reinforce the group's “already
    Read More
  • Aecon sells Ontario road business to GIP
    May 18, 2023
    Canadian infrastructure group Aecon has sold its Ontario-based construction and aggregates business Aecon Transportation East to Green Infrastructure Partners.
    Read More

Highlighted Content