Fitch: Votorantim Cimentos ‘backbone’ of parent rating
Fitch has affirmed the ratings for Votorantim and its subsidiaries, highlighting that its cement division continues to be the “backbone of the parent company's rating”.
Ratings
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Moody's: WCC results in line with expectations
Moody's Investors Service says that West China Cement Ltd's (WCC) first-half results are in line with Moody's expectations. As a result, WCC's B1 corporate family and senior uns...
Fitch affirms HeidelbergCement’s ratings
Fitch Ratings has affirmed HeidelbergCement’s Long-term Issuer Default Rating (IDR) at 'BB+' and Short-term IDR at 'B'. The Outlook on the Long-term IDR is 'Stable'. The agency ...
Fitch: ratings unchanged for Votorantim
According to Fitch Ratings, the recent decision by Brazil's antitrust agency, CADE, to stiffen the penalties against Brazilian cement companies allegedly engaged in price collus...
S&P affirms Buzzi rating, raises outlook
Buzzi Unicem informs that today Standard & Poor’s affirmed the long-term corporate rating (BB+) and the short-term rating (B) on Buzzi Unicem, revising the outlook to stable fro...
Moody's assigns a Baa3 rating to Votorantim Cimentos proposed notes due 2021; outlook stable
Moody's Investors Service has assigned a Baa3 rating to the proposed up to EUR750m seven-year senior unsecured notes to be issued by Votorantim Cimentos SA. The outlook for the ...
West China Cement ratings upgrade
Moody's Investors Service has changed the outlook of the B1 corporate family rating and B1 senior unsecured bond ratings of West China Cement from negative to stable. At the sam...
HeidelbergCement upgrade
Moody's Investors Service has upgraded the provisional (P)Ba2 MTN ratings and the Ba2/(P)Ba2 ratings on the notes outstanding to (P)Ba1 and Ba1, respectively of HeidelbergCement...
Citigroup raises HeidelbergCement price target
Analysts at Citigroup have raised the price target for HeidelbergCement and given the German cement major a "buy" rating. The price target was set at EUR61-62. At a current pric...
S&P revises GCC’s outlook to stable, Mexico
Standard & Poor's has affirmed its B-rating for Mexico-based producer Grupo Cementos de Chihuahua (GCC) and has revised the outlook from positive to stable.