Moody's Ratings affirms Arcosa's Ba2 CFR following Stavola acquisition announcement; outlook remains stable
Moody's Ratings (Moody's) affirmed Arcosa, Inc.'s (Arcosa) Ba2 corporate family rating (CFR) and Ba2-PD probability of default rating (PDR). At the same time, we downgraded the company's existing senior unsecured notes due 2029 to Ba3 from Ba2. The speculative grade liquidity rating remains SGL-2. T...Arcosa is a provider of infrastructure-related products and solutions. Through wholly-owned subsidiaries, the company's Construction Products Group produces and sells construction aggregates including natural aggregates and specialty materials and construction site support equipment including trench shields and shoring products. Through wholly-owned subsidiaries, the company's Energy Equipment Group manufactures structural wind towers; utility steel structures for electricity transmission and distribution; and storage and distribution tanks. Through wholly-owned subsidiaries, the company's Transportation Products Group manufactures and sells inland barges, fiberglass barge covers, and marine hardware.
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