22 November 2012
HeidelbergCement cancels rating agreement with S&P
HeidelbergCement, one of the world’s leading construction materials groups, has canceled its long-standing rating agreement with the rating agency Standard & Poor’s (S&P). The rating agreements with the internationally recognized rating agencies FitchRatings and Moody's will continue unchanged.
Thanks to its outstanding reputation at the credit markets and the ratings from Moody’s and Fitch, HeidelbergCement retains a strong capability to successfully execute capital market transactions at attractive terms.
HeidelbergCement is rated as an issuer by Moody’s Investor Service and Fitch Ratings. The issuer/corporate rating is Ba1 stable respectively BB+ stable.
HeidelbergCement is one of the largest building materials manufacturers worldwide, as the global market leader in aggregates and with leading positions in cement, concrete, and other downstream activities. The Group employs around 52,500 people at 2,500 locations in more than 40 countries.