Moody's Ratings upgrades Valmont Industries' senior unsecured rating to Baa2, outlook stable
Moody's Ratings (Moody's) upgraded the senior unsecured notes ratings for Valmont Industries, Inc. (Valmont) to Baa2 from Baa3 which includes the company's 5.0% and 5.25% notes due 2044 and 2054, respectively. The outlook was changed to stable from positive. The upgrade reflects improvements in Va...Valmont Industries is a global producer of fabricated metal products. The company's segments are: Engineered Support Structures, which engineers and manufactures steel, aluminum, and composite poles and structures to which lighting and traffic control fixtures are attached for a range of outdoor lighting applications; Utility Support Structures, which engineers and manufactures tapered steel, pre-stressed concrete and hybrid structures, and steel lattice structures; Coatings, which provides the following services, including hot-dipped galvanizing, anodizing, powder coating, and e-coating; and Irrigation, which manufactures and distributes mechanical irrigation equipment and related service parts.
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