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CIMIC Group Advises on Moody's Investors Service Credit Opinion Update

29 Jun 2020  |  16:13:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: MOODY'S INVESTORS SERVICE CREDIT OPINION UPDATE

CIMIC Group advised that Moody's Investors Service (Moody's) has released a credit opinion update on the Company. This affirms the Company's strong investment grade credit rating of Baa2, with a stable outlook. As reported, the stable outlook reflects Moody's expectation that the Company's credit profile will remain within the financial parameters set for the rating, and that the level of any problem contracts will remain manageable and within earnings guidance. The Company further updated that its key construction and mining service operations in Australia were permitted by the government to operate with some social distancing rules in place even during the peak of the outbreak as these activities were deemed "essential".

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