Press release

S&P assigns solid BBB investment grade rating to HOCHTIEF


Standard & Poor’s has assigned a BBB rating with a stable outlook to HOCHTIEF. The rating agency emphasized HOCHTIEF’s strong balance sheet, the positive business performance and the improvement of its financial leverage over the past five years. This solid investment grade rating will contribute towards a further optimization of the Group’s financing. It is the first debt rating for HOCHTIEF.

Standard & Poor’s stated that this rating reflects HOCHTIEF’s large size, diverse business portfolio, ability to implement large and technically complex projects, and leading positions in several developed markets. The rating agency recognized that HOCHTIEF’s business model reduces the risk profile. The Group operates in building and civil construction, including transportation, energy, and social and urban infrastructure, as well as contract mining, public-private partnership projects, and services.

Furthermore, Standard & Poor’s highlights that HOCHTIEF is carefully selecting and taking on projects in Americas, Asia-Pacific, and Europe and achieves stable margins supported by its risk management. The rating agency believes that over the medium term, the positive economic environment and the need to increase investment in infrastructure in the Group’s key markets will continue to support HOCHTIEF’s revenue growth and profitability.