Bilfinger SE is a leading European engineering and services provider. It benefits from leading market positions through an integrated service offering and has a diverse customer base with fairly stable contracts. We are assigning our 'BBB+/A-2' ratings to Bilfinger, reflecting our assessment of the company's "satisfactory" business risk profile and "modest" financial risk profile. The stable outlook reflects Bilfinger's relatively resilient business and solid capital structure. On Oct. 23, 2012, Standard&Poor's Ratings Services assigned its 'BBB+' long-term and 'A-2' short-term corporate credit ratings to Germany-based service and engineering company Bilfinger SE. The outlook is stable. The ratings on Bilfinger reflect our view of the group's "satisfactory" business risk profile and "modest" financial risk profile as defined in our
