S&P lifts Holcim view to stable

S&P said it revised the outlook on Holcim (US) Inc. to stable from negative and affirmed its BBB issuer credit rating.

Holcim (US) is a core subsidiary of LafargeHolcim Ltd.

Holcim (US) ratings and outlook are tied to that of the parent, S&P said, and the agency recently revised the outlook on LarfargeHolcim to stable from negative.

Holcim's financial policies and overall strategy are tightly linked to those of parent LafargeHolcim, S&P said.

In addition to sharing the Holcim name, the agency said it believes Holcim (US) would receive support under any foreseeable circumstances, has intra-company financial support and pays dividends to its parent.

The stable outlook reflects the company's strong operating performance and management's commitment to reduce debt through asset sale proceeds and the cancellation of its share buyback program, S&P said.

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