Sabre Industries Inc. Rating Raised To 'B', Outlook Stable; Debt Rating Raised To 'B+'

We expect U.S.-based engineered support structure manufacturer Sabre Industries Inc. to maintain the improvements in its credit measures, with adjusted leverage under 6x, down from about 10x over the past year, due to higher volumes and favorable pricing, along with continued efficiency gains. As a result, we are raising our corporate credit rating on Sabre to 'B' from 'B-'. The outlook is stable. At the same time, we are raising our issue-level rating on the company's senior secured credit facilities to 'B+' from 'B'. The recovery rating is unchanged at '2'. The stable outlook reflects our expectations that Sabre's operating performance will remain solid over the next 12 months, supported by favorable long-term demand trends among electric utilities and wireless

...+ We expect U.S.-based engineered support structure manufacturer Sabre Industries Inc. to maintain the improvements in its credit measures, with adjusted leverage under 6x, down from about 10x over the past year, due to higher volumes and favorable pricing, along with continued efficiency gains. + As a result, we are raising our corporate credit rating on Sabre to 'B' from 'B-'. The outlook is stable. + At the same time, we are raising our issue-level rating on the company's senior secured credit facilities to 'B+' from 'B'. The recovery rating is unchanged at '2'. + The stable outlook reflects our expectations that Sabre's operating performance will remain solid over the next 12 months, supported by favorable long-term demand trends among electric utilities and wireless customers, resulting in adjusted debt to EBITDA between 5x and 6x. NEW YORK (S&P Global Ratings) Feb. 21, 2018--S&P Global Ratings today raised its corporate credit rating on Alvarado, Texas-based Sabre Industries Inc....

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