BANGALORE (Thomson Financial) - Moody's Investors Service said it has
assigned its 'Ba1' rating to Emcor Group Inc's 375 mln usd senior secured
revolver credit facility and affirmed the company's 'Ba1' corporate family
rating and 'Ba1' probability of default rating.
The rating outlook remains positive on the infrastructure services company's
strong performance due to its ability to operate effectively in a low margin
business and project diversification, among others.
Moody's said Emcor's ratings take into consideration the company's
conservative balance sheet management, competitive market position, geographic
diversification, balanced with the sizeable bonding position and the low
operating margins.
TFN.newsdesk@thomson.com
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