Murray and Roberts Holdings Limited

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Murray & Roberts Holdings Limited
  • Murray and Roberts Holdings Limited
  • Year : Dec 2020
3 Tokens
USD 300.00
Summary

The Negative Outlook reflects GCR’s concerns that renewed COVID-19 related disruptions will place further pressures on Murray & Roberts Holdings Limited’s (“M&R” or “the group”) cash flows and thus gearing metrics. Notwithstanding the substantial negative impact the pandemic has had on earnings to date, the ratings have been maintained as a result of the group’s strong financial position prior to the onset of the pandemic.

Additional Information

The Negative Outlook reflects GCR’s concerns that additional COVID-19 related disruptions could place further pressures on cash flows and lead to a further weakness in key credit protection metrics. The ratings could be downgraded if M&R’s: 1) earnings remain weak for longer than anticipated, 2) gross debt increases further, which results in higher net debt 3) if there is evidence of project delays or overruns that could result in guarantees being called.

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