Moody's affirms MasTec's Baa3 senior unsecured rating; outlook stable
Moody's Investors Service (Moody's) affirmed MasTec, Inc.'s (MasTec) Baa3 senior unsecured rating following the announcement that MasTec has reached a definitive agreement to acquire in cash and stock Infrastructure and Energy Alternatives, Inc. (IEA). The rating outlook is stable MasTec is acquir...MasTec is an infrastructure construction company operating mainly throughout North America across a range of industries. The company's segments include: Communications, which performs engineering, construction, maintenance and customer fulfillment activities related to communications infrastructure; Oil and Gas, which performs engineering, construction and maintenance services on oil and natural gas pipelines and processing facilities; Electrical Transmission, which performs engineering, construction and maintenance of electrical transmission lines and substations; and Power Generation and Industrial, which performs installation and construction of power facilities.
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