On 16 February 2017, Standard & Poor’s Global Ratings revised its outlook on Sandvik AB to positive from negative and affirmed its BBB credit rating on Sandvik.
The main reasons behind this revision are the recognised improvements in 2016, including strong cash flow, profitability above previous expectations and strengthened balance sheet.
The positive outlook indicates that the ratings could be raised if Sandvik’s credit metrics improve sustainably, with funds from operations.
Read the article online at: https://www.worldcement.com/europe-cis/17022017/sandviks-global-rating-revised/
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Despite the ongoing uncertainty over the COVID-19 pandemic, growth in global construction output will reach 5.7% in 2021, following the 2.4% drop in 2020, says GlobalData.
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