S&P: HeidelbergCement view stable

Standard & Poor's said it revised the outlook on HeidelbergCement AG to stable from negative, reflecting an expected improvement in credit protection measures over the next few months.

The agency affirmed the BBB- long-term and A-3 short-term corporate credit ratings.

Ratings are supported by the company's profitability, strong market positions and extensive geographic diversity, which translate into strong cash flow generation, the agency said.

These strengths are offset by the group's aggressive financial profile after the mostly debt-financed Hanson acquisition, S&P noted.

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