S&P rates Zachry notes B+

Standard & Poor's said it assigned its BB- corporate credit rating to Zachry Holdings Inc.

At the same time, S&P assigned its B+ issue rating and 5 recovery rating to Zachry Holdings Inc.'s $250 million senior unsecured notes due 2020.

S&P said the ratings on Zachry reflect the company's "weak" business risk profile and "significant" financial risk profile.

"The stable outlook indicates our expectation for sustained mid-single-digit EBITDA margins on recovering demand in its end markets from the downturn in 2009 and 2010," S&P credit analyst Robyn Shapiro said in a news 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.