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| Foster Wheeler's credit ratings rose Foster Wheeler, one of the world’s biggest engineering and construction contractors, announced that Moody's Investors Service has raised the company's corporate credit rating to "Ba3" from "B1", and has raised the credit rating assigned to Foster Wheeler's five-year, $350 million senior credit facility to "Baa3" from "Ba1." Moody's also confirmed that its ratings outlook for Foster Wheeler remains "positive." "This credit rating upgrade follows the recent credit rating upgrade by Standard and Poor's and is a further external recognition of the continuing significant improvement in the credit quality of our company", said Raymond J. Milchovich, chairman and chief executive officer. write your comments about the article :: © 2007 Construction News :: home page |