Cement News tagged under: S&P Global Ratings

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S&PGR upgrades Anhui Conch Cement

06 September 2017, Published under Cement News

S&P Global Ratings (S&PGR) today raised its long-term corporate credit rating on Anhui Conch Cement Co. Ltd. (Conch Cement) to 'A' from 'A-'. The outlook is stable.   "We raised the rating on Conch Cement because we expect the company to continue to lower its financial leverage over the next 12-24 months owing to a likely improvement in its operating efficiency and a disciplined approach to investment and expansion," the rating's agency said.   In its base case, S&PGR expect Conch Cement's ...