| Moody’s assigns Holcim Baa1 credit rating, outlook stable |
May 30, 2008
- Moody’s, the international rating agency, has assigned construction materials Group Holcim a long-term credit rating of Baa1, outlook stable.
Moody’s Investors Service (Moody’s) based their assignment on the leading international market positions of the Group and the strong revenue contribution from all continents. Compared with the sector, Holcim disposes of an excellent geographic diversification with a strong presence in the emerging markets. This should enable Holcim to mitigate the cyclical demand for construction materials. In the past, the geographic diversification has contributed positively to the margin development of the Group. Holcim welcomes Moody’s grade decision. This rating complements the current and equivalent credit ratings of Standard & Poor’s (BBB+, outlook stable) and Fitch (BBB+, outlook stable). Moody’s press release is attached. Website: www.moodys.com.  Moody's press release* * * * * * * Holcim is one of the world's leading suppliers of cement and aggregates (crushed stone, gravel and sand) as well as further activities such as ready-mix concrete and asphalt including services. The Group holds majority and minority interests in more than 70 countries on all continents. * * * * * * * This media release is also available in German. * * * * * * * Corporate Communications: Tel. +41 58 858 87 10 Investor Relations: Tel. +41 58 858 87 87 |
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