Cement News tagged under: Standard & Poors
S&P upgrades credit rating of Buzzi Unicem01 July 2021, Published under Cement NewsThe Standard and Poor (S&P) credit rating agency has upgraded the creditworthiness of Buzzi Unicem, as of 30 June 2021. It has now raised its long-term rating from ‘BBB-’ to ‘BBB’. The short-term rating has also been upgraded to ‘A-2’ from ‘A-3’, while its outlook has been classed as stable. |
Cementir Holding is given a BBB investment rating by Standard and Poor27 May 2021, Published under Cement NewsStandard & Poor's rating agency announced that it had assigned Cementir Holding NV an Issuer Rating of “BBB- with Stable Outlook”. The attribution of an investment grade rating is the culmination of a process that began several years ago, which saw Cementir significantly diversify its business and product portfolio, allowing it to achieve considerable stability in results, even during the recent pandemic crisis. During 2020 Cementir Holding improved its profitability and further re... |
S&P upgrades TCL, removes from CreditWatch20 August 2015, Published under Cement NewsStandard & Poor's (S&P) Ratings Services raised its corporate credit rating on Trinidad Cement Ltd Group (TCL) to 'B-' from 'CCC', and removed it from CreditWatch with positive implications. The outlook is stable. At the same time, it has assigned its 'B-' issue-level rating to the company's US$200m senior secured term loan. The rating action reflects TCL's successful debt refinancing, which took place on 6 August 2015, S&P said in a statement. The refinancing improves the company's debt ... |
S&P Puts Holcim (Canada) On WatchDev26 January 2015, Published under Cement NewsStandard & Poor's (S&P) Ratings Services are placing its long-term corporate credit rating on Holcim subsidiary Holcim (Canada) Inc on CreditWatch with developing implications on the parent company’s plan to divest of its Canadian operations within the next few months. "This CreditWatch placement follows our expectation that Holcim Canada's parent, Switzerland-based Holcim Ltd, will divest of its Canadian operations within the next few months in anticipation of potential competition authori... |
S&P lowers Cimpor to 'BB'27 June 2012, Published under Cement NewsOn June 26, 2012, Standard & Poor's Ratings Services lowered its long-term corporate credit rating on Cimpor to 'BB' from 'BBB-' and its short-term rating to 'B' from 'A-3'. The ratings remain on CreditWatch negative, where they were placed on April 3, 2012. The downgrade follows the announcement and settlement of Brazilian holding company Camargo Correa’s SA (CCSA’s) successful takeover of Cimpor from the majority of existing shareholders. The Camargo group currently owns about 73% of Cim... |
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