Moody's upgrades Italcementi outlook

Moody's upgrades Italcementi outlook
Published: 01 August 2014

Tagged Under: Italy Moody's Italcementi 

Moody's has confirmed Italcementi's Ba3 rating and upgraded the company's outlook from 'stable' to 'positive' following the successful conclusion of the Italian cement major's 'i.150' project.

The same rating is affirmed for Italcementi's Euro Medium Term Note Programme (EMTN) programme and for its subsidiary Italcementi Finance.

Following the recent transaction which led Italcementi to control the total share capital of Ciments Français and the related delisting of the company, Moody’s announced the withdrawal of the corporate family rating on the company and confirmed the Ba2 rating on Ciments Français notes due in 2017.