Moody’s cuts to "negative" outlook on Italcementi’s Baa2 rating
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. Published under Cement News
