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S&P Upgrades Strabag's Rating from BBB- to BBB
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Rating agency Standard & Poor’s (S&P) has raised the credit rating of publicly listed construction group Strabag SE by one level from BBB- to BBB. The outlook remains at “stable”.
Strabag upgraded from BBB- to BBB by S&P / Picture: © Wikipedia / Magnus Manske
“The upgrade within the investment-grade category is confirmation of our strategy of selective diversification and end-to-end risk management”, says a satisfied Strabag SE CEO Thomas Birtel.
S&P explained its decision with reference to the company’s credit ratios, which it said were already significantly above the level for the previous rating.…
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