S&P Global Ratings Upgrades HOCHTIEF's Credit Rating to "BBB"
Germany, Aug. 4 -- S&P Global Ratings has upgraded the long-term and short-term credit ratings of the ACS Group and its core subsidiaries HOCHTIEF, CIMIC, and Dragados to "BBB/A-2" from "BBB-/A-3", with a stable outlook. The rating agency is, thus, recognizing the Group's strong operational performance, a disciplined financial approach, and its clear strategy.According to S&P, the Group is benefiting from positive trends such as digitalization, sustainable mobility, defense, nuclear energy, and critical minerals. The rating agency views HOCHTIEF as an important driver for ACS' growth. It points to Turner's strong market position in high-growth sectors such as data centers, biopharma, sports, and defense infrastructure. The performance of th...
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