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Prospect News home > News index > List of issuers I > Headlines for InfraBuild Australia Pty Ltd. > News item |
Fitch revises InfraBuild view to negative
Fitch Ratings said it revised the outlook on InfraBuild Australia Pty Ltd.’s long-term issuer default rating to negative from stable and affirmed the IDR at BB-. The agency also affirmed InfraBuild’s $325 million senior secured notes at BB.
The outlook mirrors the expectation that key steel end markets, particularly the Australian construction market, will weaken in the second half of 2020 and 2021, Fitch said.
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