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S&P ups Strabag outlook to positive
Standard & Poor's said it revised its outlook on Strabag SE to positive from stable, owing to its solid business performance.
At the same time, the BB+ long-term corporate credit and senior unsecured debt ratings on Strabag were affirmed, the agency said.
S&P added that the outlook revision follows progress in the group's operating performance, which has been undiluted by its strong business growth.
The agency said it expects that the planned expansion will be executed in a way that does not threaten the group's profitability and improved capital structure.
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