Moody’s affirms MasTec

Moody's Investors Service said it affirmed all ratings of MasTec, Inc., including the Ba3 senior unsecured debt rating.

The outlook is stable.

“MasTec's ratings are supported by favorable fundamentals in its end markets that will continue to support investment in communication networks, pipelines, the electrical grid and renewable energy,” the agency said in a news release.

“Demand for increased data capacity, and in particular the deployment of the 5G wireless network, has created the need for accelerated fiber infrastructure investment. In addition, decades of under-investment in the electrical grid and pipeline infrastructure has, and will continue, to create considerable demand for construction services.”

© 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.