S&P: Willbros view to stable

Standard & Poor's said it revised its rating outlook on Willbros Group Inc. to stable from negative.

At the same time, S&P affirmed the ratings on the company, including the B- corporate credit rating.

"The outlook revision reflects the company's recent refinancing, alleviating pressure from previously upcoming debt maturities," S&P credit analyst Robyn Shapiro said in a news release.

"We also expect that improving operating performance will enable the company to generate moderate free cash flow."

© 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.