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

  • Concrete paving technology offers long term roadway construction
    July 18, 2012
    Concrete slipforming technology offers long term roadway and barrier construction with new technology now available - Mike Woof reports With road construction investment being seen around the world, concrete slipformer manufacturers are seeing strong export sales at present. New models are coming to market also with manufacturers continuing to broaden ranges by offering additional features and capabilities. US concrete paving specialist GOMACO is benefiting from extensive worldwide sales, with its long term
    Read More
  • Economic and environmental asphalt recycling
    February 27, 2012
    Recycling materials offers the road ahead for highway construction - * Don Brock writes. Recycling has been used in the US for over 50 years in various industries. Today, steel is 100% recycled, and many other products that we have can be recycled.Environmental groups have aggressively pushed industries to recycle more, but it is either economically driven or legislatively driven.In the highway industry it has predominately been economically driven and discouraged by stakeholders such as aggregate producers
    Read More
  • Innovative, efficient aggregate washing system
    February 22, 2012
    Cleaning the crushed and screened products can boost quality and revenue. Aggregate Processing Solutions has developed a novel washing system aimed at the quarrying sector. The APS-100AT has been developed after almost five years of research and development and is said to be an innovative multi-component material washing system, featuring a highly efficient, heavy duty linear multi-deck screen.
    Read More
  • Protecting the roadway with guard rails
    November 10, 2015
    Tata Construction Products is a major player in the European road protection market and aims to boost its share of business - Mike Woof writes. Part of the massive Tata Group, Tata Construction Products is a major player in Europe’s business segment for steel guard rails. Rodney Rice, marketing manager, Tata Steel Construction Products, said, “Our market is predominantly Europe.”
    Read More

Highlighted Content