S&P trims Sabre Industries

Standard & Poor’s said it lowered its corporate credit rating on Sabre Industries Inc. to B- from B.

The outlook is stable.

At the same time, S&P lowered the issue-level ratings on the company’s $320 million senior secured credit facilities to B from B+. The recovery rating remains 2, indicating an expectation of substantial (70% to 90%; at the lower end of the range) recovery in the event of a payment default.

“The stable outlook reflects our view that overall demand from key transmission and distribution and wireless communications customers will remain generally favorable over the next several years,” said S&P credit analyst Michael Maggi in a news release.

“We also expect Sabre to continue to benefit from additional operational and cost-related synergies following its acquisition of FWT, larger market share, and a reduced dependence on the more competitive bid market (in favor of its alliance business) as a result of the transaction.”

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