Moody’s drops LafargeHolcim to negative

Moody's Investors Service said it affirmed the Baa2 long term and Prime-2 short term ratings for LafargeHolcim Ltd. (LH) and its rated subsidiaries and changed the outlook to negative from stable.

"The outlook change to negative from stable on LafargeHolcim's Baa2 ratings follows weaker than expected operating performance during 2015, a challenging outlook for several of the group's major markets and execution risks related to the timing of its ambitious disposal program. It reflects the risks associated with a successful recovery of LH's financial metrics to the levels more commensurate for the Baa2 rating over the course of 2016," Falk Frey, Moody’s senior vice president and lead analyst for LafargeHolcim, said in a news release.

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