Moody’s upgrades Boels’ CFR to Ba3 with a stable outlook
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On June 30 2022 Moody’s has upgraded the credit rating of Boels from B1 to Ba3 with a stable outlook.
This is a clear recognition of the continued strong performance of Boels and the path of deleveraging since the acquisition of Cramo. The press release of Moody’s can be found here. Moody’s also released the Credit Opinion for Boels, which can be reviewed here.