- Published: February 2011
Foster Wheeler AG Aug 11
- Published: August 2011
- Standard & Poors
Specialized technical expertise in the oil and gas processing, refinery, chemical/petrochemical, and power generation markets; Good geographic and customer diversity; and Strong liquidity. Exposure to highly cyclical end markets; Participation in the competitive and fragmented engineering and construction services market; and Off-balance-sheet liabilities related to underfunded pension plans and asbestos-related litigation. Standard & Poor's Ratings Services' rating on Zug, Switzerland-based engineering and construction (E&C) firm Foster Wheeler AG reflects our opinion that the company has established a track record of good operating performance and moderate financial policy. Despite weak economic conditions and moderately lower revenues in 2010, we believe Foster Wheeler's good free cash flow generation, strong liquidity position, and satisfactory credit metrics will continue to support the rating. The...
Companies mentioned in this report are: Foster Wheeler AG,The Shaw Group Inc.
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: Full Analysis
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Foster Wheeler AG,The Shaw Group Inc.
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