Moody's rates Alstom Baa1

Moody's Investors Service said it assigned an issuer rating of Baa1 to Alstom SA.

The outlook is stable.

The Baa1 issuer rating is based on the company's global position in its refocused business segments, good visibility of its business volumes, rising quality of orders, potential for solid free cash flows and conservative financial flexibility with strong liquidity and moderate leverage, according to the agency.

These factors are balanced by business concentration in two industries, risk of unsatisfactory project completion and cost-overruns at times of fast-growing business activity, Moody's said, as well as a relatively short track record of profitability.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.