Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers V > Headlines for Valmont Industries Inc. > News item |
S&P: Valmont up to stable
Standard & Poor's said it revised the outlook on Valmont Industries Inc. to stable from negative.
The agency also said it affirmed its BBB- corporate credit rating.
The outlook revision reflects expectations that Valmont's credit measures will remain at levels considered in line with investment-grade ratings, despite continued challenging nonresidential construction markets and rising commodity prices, especially steel, S&P said.
A recovery in utilities' investment in the electrical and transmission grid, increased demand for irrigation product prospects driven by higher crop prices and farm income and expanding industrial production should lead to an improvement in the company's earnings and overall credit measures, the agency said.
The company is expected to maintain its strong liquidity with high levels of balance sheet cash, S&P added.
© 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.