• BBB- with "stable" outlook
  • Company determined to at least maintain BBB-
  • Considerable flexibility regarding the indicators necessary for the rating, says S&P
Vienna, 23 May 2014---In its Summary Analysis in May, the international rating agency Standard & Poor's (S&P) has left unchanged the investment grade rating of BBB- for the publicly listed construction group STRABAG SE. The outlook remains "stable".

The company remains committed to this rating, as Thomas Birtel, CEO of STRABAG SE, says: "We are determined to maintain our investment grade rating, meaning at least BBB-, for the long term."

The rating agency explained its decision in part due to the company's vertical integration, the strategic access to construction materials, the strong liquidity position and the track record of relatively stable operating margins in an otherwise cyclical and highly competitive industry. The key performance indicators within the STRABAG Group necessary for the investment grade rating still offer considerable flexibility in terms of further investments and acquisitions, says S&P.

The full version of the S&P update is available for download at www.strabag.com > Investor Relations > Creditor Relations > Credit Ratings ( click here).

STRABAG SE is a European-based technology group for construction services, a leader in innovation and financial strength. Our services span all areas of the construction industry and cover the entire construction value chain. We create added value for our clients by our specialised entities integrating the most diverse services and assuming responsibility for them. We bring together people, materials and machinery at the right place and at the right time in order to realise even the most complex construction projects - on schedule, of the highest quality and at the best price. The hard work and dedication of our more than 73,000 employees allows us to generate an annual output volume of about € 14 billion. At the same time, a dense network of numerous subsidiaries in many European countries and, increasingly, on other continents is helping to expand our area of operation far beyond the borders of Austria and Germany. More information is available at www.strabag.com.

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