Frankfurt am Main, July 31, 2014 -- Moody's Investors Service, ("Moody's") has today confirmed the Ba3 corporate family rating (CFR), the Ba3-PD probability of default rating (PDR) of Italcementi S.p.A. (ITC), (P)Ba3 rating for its MTN programme and the Ba3/(P)Ba3 senior unsecured ratings of its subsidiary Italcementi Finance S.A. At the same time Moody's confirmed the Ba2 senior unsecured rating of Ciments Francais' (CF) outstanding Euro Medium Term notes and withdrew the CFR and PDR on Ciments Francais. The outlook on all ratings is positive.

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