Moody's turns Holcim view to positive

Moody's Investors Service said it changed Holcim Ltd.’s outlook to positive from stable and its long term issuer rating at Baa2. The agency also affirmed the Baa2 senior unsecured and Ba1 subordinate ratings of Holcim and its subsidiaries.

“The positive outlook reflects Moody's expectation that market growth continues in the next 12-18 months and will lead to further improvement in the company's credit metrics that are already strong for the current rating. This helps building a buffer against potential deterioration in case of large-scale acquisitions as the company wants to increase scale in the solutions & products segment while reducing its cement exposure, especially in emerging markets,” the agency said in a press release.

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