Moody's upgrades AECOM's secured debt rating to Baa3; affirms all other ratings
Rating Action: Moody's upgrades AECOM's secured debt rating to Baa3; affirms all other ratings. Global Credit Research- 05 Feb 2021. New York, February 05, 2021-- Moody's Investors Service upgraded the rating on AECOM's senior secured credit facilities to Baa3 from Ba1 including its $1.35 billion revolving credit facility and $248.5 million term loan to reflect the substantial pay down of term loan debt and the likelihood it will not materially add to its secured debt balance.AECOM designs, builds, finances and operates infrastructure assets for governments, businesses and organizations. The company provides: planning, consulting, architectural and engineering design services to commercial and government clients in transportation, facilities, environmental, energy, water and government markets; construction services, including building construction and energy, infrastructure and industrial construction; as well as program and facilities management and maintenance, training, logistics, consulting, technical assistance, and systems integration and information technology services, for agencies of the United States government and for other national governments.
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