Moody's assigns Baa3 to MasTec's notes following exchange offer
Moody's Investors Service ("Moody's") assigned a Baa3 senior unsecured rating to MasTec, Inc.'s (MasTec) proposed notes to be issued in exchange for the existing IEA Energy Services LLC (IEA) (B2 RUR for upgrade) notes through an exchange offer by MasTec. All other ratings and stable outlook at MasT...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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