Fitch Ratings has affirmed Ireland-based CRH Plc’s (CRH) euro medium-term note (EMTN) programme at a senior unsecured rating of ’BBB+’ following an increase of its amount to EUR4bn from the previous EUR3bn.
At the same time, Fitch Ratings has assigned a short-term rating of ’F2’ to the notes to be issued with a maturity of less than 12 months under the EMTN programme. The ratings on the programme are in line with CRH’s ’BBB+’ Long-term Issuer Default rating (IDR) and Short-term IDR at ’F2’. CRH’s senior unsecured rating is at ’BBB+’. The Outlook for CRH’s Long-term IDR is Negative.