Research Update: Sabre Industries Inc. Outlook Revised To Positive From Stable On Lower Leverage; 'B' Ratings Affirmed - S&P Global Ratings’ Credit Research

Research Update: Sabre Industries Inc. Outlook Revised To Positive From Stable On Lower Leverage; 'B' Ratings Affirmed

Research Update: Sabre Industries Inc. Outlook Revised To Positive From Stable On Lower Leverage; 'B' Ratings Affirmed - S&P Global Ratings’ Credit Research
Research Update: Sabre Industries Inc. Outlook Revised To Positive From Stable On Lower Leverage; 'B' Ratings Affirmed
Published Feb 12, 2020
6 pages (2381 words) — Published Feb 12, 2020
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Texas-based utilities and telecommunications structures manufacturer Sabre Industries Inc.'s strong backlog and improved margins should drive improved credit measures. We are revising our outlook to positive from stable to reflect our updated forecast for adjusted leverage to drop below 4x debt to EBITDA over the next 12 months. At the same time, we are affirming our 'B' issuer credit rating on the company and 'B' issue-level rating on its senior secured term loan. The positive outlook acknowledges the possibility that we would take the view that Sabre Industries' overall credit quality is stronger relative to other companies with similar business and financial risk profiles. The positive outlook reflects the potential for a one notch upgrade over the next 12 months.

  
Brief Excerpt:

...- Texas-based utilities and telecommunications structures manufacturer Sabre Industries Inc.'s strong backlog and improved margins should drive improved credit measures. - We are revising our outlook to positive from stable to reflect our updated forecast for adjusted leverage to drop below 4x debt to EBITDA over the next 12 months. - At the same time, we are affirming our 'B' issuer credit rating on the company and 'B' issue-level rating on its senior secured term loan. - The positive outlook acknowledges the possibility that we would take the view that Sabre Industries' overall credit quality is stronger relative to other companies with similar business and financial risk profiles....

  
Report Type:

Research Update

Ticker
Issuer
GICS
Communications Equipment (45201020)
Sector
Global Issuers
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MLA:
S&P Global Ratings’ Credit Research. "Research Update: Sabre Industries Inc. Outlook Revised To Positive From Stable On Lower Leverage; 'B' Ratings Affirmed" Feb 12, 2020. Alacra Store. May 16, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Sabre-Industries-Inc-Outlook-Revised-To-Positive-From-Stable-On-Lower-Leverage-B-Ratings-Affirmed-2381156>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Sabre Industries Inc. Outlook Revised To Positive From Stable On Lower Leverage; 'B' Ratings Affirmed Feb 12, 2020. New York, NY: Alacra Store. Retrieved May 16, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Sabre-Industries-Inc-Outlook-Revised-To-Positive-From-Stable-On-Lower-Leverage-B-Ratings-Affirmed-2381156>
  
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