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S&P Report Says Most Engineering And Construction Firms Should Continue Their Slow Recovery In 2012 Feb 12

  • ID: 2054480
  • February 2012
  • Standard & Poors
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  • Aquilex Holdings LLC
  • Brock Holdings III Inc.
  • Fluor Corp.
  • Larsen & Toubro Ltd.
  • Perini Corp.
  • SNC-Lavalin Group Inc.
  • MORE

NEW YORK (Standard & Poor's) Feb. 9, 2012--Most North American engineering and construction (E&C) companies maintained a healthy backlog of orders through 2011, which has helped them weather the extended construction market slump. When the final 2011 numbers are in, Standard & Poor's Ratings Services thinks that revenue for the E&C companies we rate will have increased modestly--as we expected entering the year--and we expect revenues for most to continue climbing in 2012. "This late-cycle sector [in which activity tends to lag behind the general economy] took a big revenue hit in 2010 but should continue to benefit from the slow economic recovery that has followed," Standard & Poor's credit analyst Dan Picciotto said in a report titled "Project Diversity...

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
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- Fluor Corp.
- The Babcock & Wilcox Company
- Balfour Beatty PLC
- McDermott International Inc.
- Perini Corp.
- Kumagai Gumi Co. Ltd.
- Kenetech Corp.
- Etablissement public pour l'amenagement de la region de la Defense
- Leighton Holdings Ltd.
- Empresas ICA S.A.B. de C.V.
- ShoLodge Inc.
- Grupo Tribasa, S.A. de C.V.
- Foster Wheeler AG
- Larsen & Toubro Ltd.
- DynCorp
- American Residential Services Inc.
- Industrias Metalurgicas Pescarmona S.A.I.C.y.F.
- Autopistas Del Sol S.A.
- Bufete Industrial S.A.
- ATC Group Services, Inc.
- MasTec Inc.
- EMCOR Group Inc.
- Schuff International Inc.
- Great Lakes Dredge & Dock Corp.
- Kajima Corp.
- Obayashi Corp.
- Shimizu Corp.
- Taisei Corp.
- Takenaka Corp.
- Integrated Electrical Services Inc.
- RailWorks Corp.
- URS Corp.
- Hazama Corp.
- Nishimatsu Construction Co. Ltd.
- Toda Corp.
- Maeda Corp.
- Encompass Services Corp.
- JGC Corp. (Unsolicited Ratings)
- Strabag SE
- The Shaw Group Inc.
- SNC-Lavalin Group Inc.
- Bauer AG
- Bouygues S.A.
- Quanta Services Inc.
- Construtora Norberto Odebrecht S.A.
- Kinden Corp.
- InfraSource Services Inc.
- Comsys Holdings Corp.
- Korea Rail Network Authority
- Peri-Werk Artur Schwoerer GmbH & Co. KG
- Wyle Services Corp.
- Malaysian Reinsurance Bhd.
- Leighton Finance International Ltd.
- Dycom Industries Inc.
- HRP Myrtle Beach Holdings LLC
- Ranhill Bhd.
- Brock Holdings II Inc.
- Brock Holdings III Inc.
- Brand Energy & Infrastructure Services
- Zagrebacki Holding d.o.o.
- GS Engineering & Construction Corp.
- POSCO Engineering & Construction Co. Ltd.
- PT Truba Alam Manunggal Engineering Tbk.
- Aquilex Holdings LLC
- Odebrecht S.A.
- Summit Materials Cos. I LLC
- Willbros Group Inc.
- United States Infrastructure Corp.
- PBG S.A.
- Tutor Perini Corp.
- Ferrovial S.A.
- Boart Longyear Ltd.
- NANA Development Corp.
- China Metallurgical Group Corp.
- Rock Parent LLC

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