S&P changes LafargeHolcim view

S&P said it revised its outlook on LafargeHolcim Ltd. and its core operating and financial subsidiaries to negative from stable and affirmed the BBB/A-2 ratings on the group's senior unsecured debt.

“LafargeHolcim's operating performance in the third quarter of 2017 was weaker than we expected,” the agency said in a news release.

“The negative outlook reflects our view that the group's leverage metrics may not improve in 2018 to a level commensurate with the current rating, due to persistent weak operating cash flow generation and unchanged shareholder remuneration.”

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