Skip to main content

S&P assigns Cementir Holding a BBB- rating with Outlook Stable

Published by , Deputy Editor
World Cement,


Standard & Poor's rating agency has announced that it had assigned Cementir Holding N.V. an Issuer Rating of ‘BBB- with Stable Outlook.’

The attribution of an Investment Grade rating is the culmination of a process that began several years ago, which saw Cementir significantly diversify its business and product portfolio, allowing it to achieve considerable stability in results, even during the recent pandemic crisis.

In fact, during 2020, Cementir Holding improved its profitability and further reduced its financial leverage. Over the next few months, the management expects to further strengthen the competitive position, thanks to cash generation and the major investments in sustainability and digitalisation envisaged in the 2021 – 23 Business Plan.

The ‘Stable outlook’ reflects the Group's cash generation and managerial ability to maintain a prudent financial policy.

Read the article online at: https://www.worldcement.com/europe-cis/26052021/sp-assigns-cementir-holding-a-bbb-rating-with-outlook-stable/

You might also like

 EnviroTech

Ready to revolutionise the cement industry?

Join World Cement in Lisbon, 10 – 13 March 2024, for our first in-person conference and exhibition: EnviroTech.

This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.

Final tickets on sale NOW »

 
 
 

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


 

This article has been tagged under the following:

European cement news