- Language: English
- 774 Pages
- Published: October 2012
- Region: Global
Willbros Group Inc. 'BB-' Rating Affirmed; Outlook Revised To Negative From Stable
- Published: April 2011
- Standard & Poors
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Houston-based engineering and construction company Willbros Group's operating results have weakened and, while we believe long-term fundamentals should support increased activity in the company's end markets, near-term uncertainties may continue to affect capital and maintenance expenditure decisions of some of the company's customers in 2011. We are revising our outlook on Willbros to negative from stable. At the same time, we are affirming our ratings, including the 'BB-' corporate credit rating, on the company. The negative outlook reflects the potential for a lower rating if further delays in improvement in Willbros' operating performance result in weak credit measures or reduced financial covenant headroom. NEW YORK (Standard & Poor's) April 28, 2011--Standard & Poor's Ratings Services said today that it revised...
Companies mentioned in this report are: Willbros Group Inc.,Willbros United States Holdings Inc.
Action: Outlook: Negative
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Willbros Group Inc.,Willbros United States Holdings Inc.