U.S. construction firms more stable than a year ago

construction firms

construction firmsBy Kris Hudson | The Wall Street Journal

In a positive sign for the U.S. economy—albeit incrementally so—the financial health of construction companies is improving.

Creditsafe Inc., a U.K.-based supplier of online business-credit reports, assessed the credit of roughly 1.7 million American construction firms to find that roughly 250,000 now rank as high credit risks, down by 5.8% from a year ago. Meanwhile, the number of those classified as low risk increased by 1.7% to roughly 1 million.

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