S&P: CRH view to stable

Standard & Poor's said it revised its outlook on CRH plc to stable from negative and affirmed its long- and short-term corporate credit ratings at BBB+/A-2.

The outlook revision reflects the company efforts in reducing reported debt and protecting cash flow generation in 2009, S&P said.

The ratings do not assume a market pick-up in 2010, the agency said. Rather, the agency said it anticipates sales declines in the single-digit range, the agency said.

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