(Alliance News) - Webuild Spa announced on Monday that S&P Global has raised its rating to BB+ with a stable outlook, up from BB.
As the company explained in a statement, this is the second upgrade obtained from S&P during the 2025 business plan, "confirming the solidity of the industrial model, the group's strategic vision, and its economic and financial performance even in complex macroeconomic contexts."
According to S&P, the upgrade reflects the solid order book, disciplined contract management, and leadership position in key markets for the group, factors that have led to robust growth and a stronger financial structure.
"S&P highlights Webuild's leadership in key low-risk markets, which today account for approximately 90% of backlog and revenues, compared to 59% in 2018."
Looking ahead, S&P expects Webuild to continue to deliver solid operating performance in the coming years, supported by a construction order book of €50 billion that provides strong revenue visibility.
On Monday, Webuild closed down 0.6% at EUR3.48 per share.
By Claudia Cavaliere, Alliance News reporter
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