Moody’s changes LafargeHolcim view

Moody's Investors Service said it affirmed LafargeHolcim Ltd.'s long-term and short-term issuer rating at Baa2 and P-2, respectively.

The agency also affirmed the senior unsecured, the subordinate and other short term ratings of LafargeHolcim Ltd. and its subsidiaries at Baa2, Ba1 and P-2, respectively.

The outlook was changed to stable from negative.

“Today's rating action was prompted by a solid operating performance of LafargeHolcim in 2018 against a difficult market environment and the announcement of financial policy measures that will support the improvement of the group's credit profile in 2019 by temporarily reversing aggressive shareholder payouts in the past,” the agency said in a news release.

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