21.07.2016 18:01:00
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Italcementi S.p.A. -- Moody's upgrades Italcementi's ratings to Ba1, outlook positive
Frankfurt am Main, July 21, 2016 -- Moody's Investors Service, ("Moody's") has today upgraded Italcementi S.p.A.'s (ITC) Corporate family (CFR) rating and probability of default (PDR) rating to Ba1 and Ba1-PD from Ba3 and Ba3-PD respectively. Furthermore Moody's upgraded ITC's MTN programme rating to (P)Ba1 from (P)Ba3 and Ciments Francais S.A.'s bond rating to Ba1 from Ba2. The outlook on all ratings is positive.