Skip to main content

Moody’s upgrades Italcementi outlook to ‘positive’

Published by , Editor
World Cement,


Following yesterday’s report on Italcementi’s 1H14 results, which the group says are in line with its programs, today the international cement company announces that the rating agency Moody’s has changed the group’s outlook to ‘positive’ from stable.

In a statement, Italcementi wrote:

‘Italcementi informs that, after the positive conclusion on the ‘i.150’ project, the rating agency Moody’s, after last March announcement of review, confirmed the ‘Ba3’ corporate family rating, while the outlook is changed to ‘positive’ from ‘stable’. The same rating is affirmed for the EMTN programme and for the subsidiary Italcementi Finance.  Following the recent transaction which led Italcementi to control the total share capital of Ciments Français and the related delisting of the company,  Moody’s announced the withdrawal of the corporate family rating on the company and confirmed the Ba2 rating on Ciments Français  notes due in 2017.’


Adapted from press release by

Read the article online at: https://www.worldcement.com/europe-cis/01082014/italcementi-outlook-upgraded-to-positive-219/

You might also like

The World Cement Podcast - Exploring CO2 storage

In this episode of the World Cement Podcast, we are joined by Dr Katherine Romanak of the University of Texas at Austin for a deep dive into the topic of geological CO2 storage – the processes involved both above and below ground, the challenges and opportunities, and what (not) to worry about!

Tune in to the World Cement Podcast on your favourite podcast app today.

Apple Podcasts  Spotify Podcasts  YouTube

 
 

Embed article link: (copy the HTML code below):