DBRS assigns WSP Global BBB

DBRS said it assigned WSP Global Inc. a BBB (high) rating with a stable trend.

“This rating action reflects the company’s appropriate and effective response to the coronavirus disease (Covid-19) pandemic, with approximately 90% of the workforce working from home during the peak of the pandemic in the summer of 2020. While net revenues in 2020 were below initial expectations, the impact on operating earnings and cash flows was substantially mitigated by higher margins as a result of reduced costs from cost-containment measures and cost savings from office lockdowns and travel restrictions,” DBRS said in a press release.

© 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.