Moody's changes Wienerberger view to stable

Moody's Investors Service said it changed the outlook to stable from negative and affirmed its Ba1 ratings for Wienerberger AG and its senior unsecured debt.

“The stable outlook reflects Moody's expectations that Wienerberger will sustain credit metrics in line with Moody's expectations for the current rating, namely gross leverage of around 3x and RCF/ net debt above 20% in the next 12-18 months. Furthermore, the stable outlook assumes that Wienerberger will maintain a good liquidity profile,” the agency said in a press release.

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