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Research Update: MasTec Inc. Outlook Revised To Positive, 'BB-' Rating Affirmed, As Contractor's Operating Performance Improves
Standard & Poors, May 2011
Coral Gables, Fla.-based MasTec Inc. has demonstrated good operating performance and credit measures through the downturn. We are affirming our 'BB-' corporate credit rating on MasTec. At the same time, we are revising our outlook to positive from stable. The positive outlook reflects our expectation that the company could maintain credit metrics and financial policies that support a higher rating. On May 10, 2011, Standard & Poor's Ratings Services affirmed its ratings, including the 'BB-' corporate credit rating, on MasTec Inc. At the same time, we revised our outlook to positive from stable. The outlook revision reflects the potential for a rating upgrade if MasTec continues to perform better than our expectations for the 'BB-' corporate credit rating. We expect...
Companies mentioned in this report are: MasTec Inc.
Action: Outlook: Positive
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.