Aegion Corporation: Update to credit analysis
Our credit view of this issuer reflects its high financial leverage, offset by its leading market position.Aegion is a holding company. The company is engaged in providing solutions to rehabilitate aging infrastructure, primarily pipelines in the wastewater, water, energy, mining and refining industries. The company also maintains the operation of refineries and other industrial facilities. The company's segments are: Infrastructure Solutions, which include Insituform? cured-in-place pipe, the Tyfo? system and Fusible polyvinyl chloride? pipe product brands; Corrosion Protection, which is positioned to capture the benefits of continued oil and natural gas pipeline infrastructure developments; and Energy Services, which provides safety and labor productivity programs.
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