S&P: Bauholding Strabag up to positive

Standard & Poor's said it revised its outlook on Bauholding Strabag SE to positive from stable, owing to its solid business performance in 2004 despite continued difficult market conditions in Germany.

At the same time, the BB long-term corporate credit and senior unsecured debt ratings on Bauholding Strabag were affirmed.

S&P said the outlook revision reflects the company's' strong position in road construction in Central Europe in view of EU-sponsored investment programs for expanding and upgrading the Central and Eastern European infrastructure networks.

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