Ratings since 21 April 2021
 

Rating agency

Long-term rating

Outlook

Short-term rating

Moody’s Investors Service

Baa2

stable

P-2

S&P Global Ratings

BBB

stable

A-2

On 21 April 2021, Moody’s Investors Service upgraded HeidelbergCement’s credit rating to Baa2/P-2 from Baa3/P-3. The outlook is stable.

On 15 April 2021, S&P Global Ratings upgraded HeidelbergCement’s credit rating to BBB/A-2 from BBB-/A-3. The outlook is stable.

On 12 November 2020, Moody’s Investors Service upgraded the outlook of the HeidelbergCement rating from stable to positive.

On 12 October 2020, S&P Global Ratings upgraded the outlook of the HeidelbergCement rating from stable to positive.

On 17 August 2020, Fitch Ratings withdrew the unsolicited HeidelbergCement rating.

On 18 May 2020, Fitch Ratings lowered the outlook of the HeidelbergCement rating from stable to negative.

On 9 April 2020, S&P Global Ratings lowered the outlook of the HeidelbergCement rating from positive to stable.

On 1 April 2020, Moody’s Investors Service lowered the outlook of the HeidelbergCement rating from positive to stable.

On 18 July 2019, S&P Global Ratings upgraded the outlook of the HeidelbergCement rating from stable to positive.

On 21 June 2018, Moody’s Investors Service upgraded the outlook of the HeidelbergCement rating from stable to positive.

In the 2017 financial year, the company‘s credit rating by the rating agencies Moody’s Investors Service, S&P Global Ratings and Fitch Ratings remained stable at Baa3 and BBB-, respectively. The outlook for our credit rating is assessed as stable.

In the 2016 financial year, the company‘s credit rating by the rating agencies Moody’s Investors Service and Fitch Ratings improved from Ba1 and BB+, respectively, to Baa3 and BBB-, respectively. S&P Global Ratings also awarded a BBB- credit rating. The outlook for our credit rating is assessed as stable. The upgrade of the credit rating to investment grade was mainly due to the stronger corporate profile following the acquisition of the Italcementi Group and its rapid integration.