S&P affirms Fluor

S&P said it affirmed all ratings on Fluor Corp., including the A- corporate credit rating.

The outlook is stable.

The agency said it lowered its base-case forecast for EBITDA margin in 2018, since Fluor reported additional challenges on a gas-fired power project in its first quarter.

“We expect the company to withstand this due to continued healthy surplus cash balances offsetting the increase in gross debt in recent years,” S&P said in a news release.

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