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European Residential Construction Markets Cooling, But Soft Landing Expected, Says S&P Report Jun 05 Product Image

European Residential Construction Markets Cooling, But Soft Landing Expected, Says S&P Report Jun 05

  • ID: 2042947
  • June 2005
  • Region: Europe
  • Standard & Poors

Abstract
FRANKFURT (Standard & Poor's) June 23, 2005--Growth in the European residential construction sector is likely to continue its slowdown in 2005 and 2006, after the boom in many European markets over the past few years, says a report published today by Standard & Poor's Ratings Services entitled "Industry Report Card: European Engineering & Construction." "This is reflected in somewhat lower residential housing orders and permit levels across some of the European markets in the second half of 2004 and the first four months of 2005 compared with previous years," said Standard & Poor's credit analyst Izabela Listowska, one of the authors of the report. "Nevertheless, market participants expect a rather slow cooling down, which minimizes oversupply risks," she added. The...

Companies mentioned in this report are: Balfour Beatty PLC,VINCI S.A.,Jenoptik AG,Strabag SE,Bauer AG,Kaufman & Broad S.A.,Peri-Werk Artur Schwoerer GmbH & Co. KG
Action: General Comment

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.

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Balfour Beatty PLC,VINCI S.A.,Jenoptik AG,Strabag SE,Bauer AG,Kaufman & Broad S.A.,Peri-Werk Artur Schwoerer GmbH & Co. KG

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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