Long-term issuer default rating upgraded by Fitch
Fitch upgrades Kier's long-term issuer default rating to BBB- from BB+.
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Kier Group plc, a leading UK infrastructure and construction group, announces that its Fitch long-term issuer default rating has been upgraded to 'BBB-' from 'BB+’ (Link to article).
The decision highlights the Group's growing balance sheet strength, substantial cashflow generation, disciplined capital deployment and strong revenue visibility. This upgrade follows the recent articulation of Kier's strategic priorities, focusing on Growth, Resilience and Performance.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.