Moody's affirms Valmont Industries' Baa3 senior unsecured rating; outlook positive
Moody's Investors Service (Moody's) affirmed its ratings for Valmont Industries, Inc. (Valmont), including the Baa3 senior unsecured debt ratings for the company's 5.0% and 5.25% senior unsecured notes due 2044 and 2054, respectively. The outlook was changed to positive from stable. "The rating af...Valmont Industries is a global producer of fabricated metal products. The company's segments are: Engineered Support Structures, which engineers and manufactures steel, aluminum, and composite poles and structures to which lighting and traffic control fixtures are attached for a range of outdoor lighting applications; Utility Support Structures, which engineers and manufactures tapered steel, pre-stressed concrete and hybrid structures, and steel lattice structures; Coatings, which provides the following services, including hot-dipped galvanizing, anodizing, powder coating, and e-coating; and Irrigation, which manufactures and distributes mechanical irrigation equipment and related service parts.
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