Moody’s cuts to "negative" outlook on Italcementi’s Baa2 rating

Moody’s cuts to "negative" outlook on Italcementi’s Baa2 rating
Published: 21 July 2009

Credit rating agency Moody’s lowered today its outlook on the Baa2 issuer rating of Italian cement maker Italcementi SpA to "negative" from "stable".

Moody’s also cut to Baa2 from Baa1 its rating on Italcementi’s French subsidiary Ciments Francais  with a "negative" outlook.

On the Milan Stock Exchange, Italcementi shares were gaining 1.41% to EUR 8.285 at 1256 CET on Monday.