Fitch assigns Holcim 'BBB+' credit rating, outlook stable

09.20.2005
 

Jona


Fitch Ratings, the international rating agency, has assigned building materials company Holcim Ltd long-term credit ratings of senior unsecured 'BBB+', outlook stable and short-term 'F2'. Holcim welcomes Fitch's grade decision. This rating complements the current credit rating of 'BBB+', outlook stable (long-term) and 'A-2' (short-term) by Standard & Poor's.

Fitch based their assessment on Holcim's leading international market positions and diversified product portfolio. The extensive and unmatched global reach has been a key feature of the company's well-executed strategy of the past decades and has helped balance out cyclicality in recent years. This is evidenced by consistently strong operating performance and above sector average EBITDA margins over the past five years. Liquidity is strong, backed by substantial cash balances over the past three years and unutilized committed credit facilities at fiscal year-end 2004. Fitch's rating definitions and the terms of use of such ratings are available on the agency's website at www.fitchratings.com.

Holcim expects the rating to increase its financial market appeal and attract a wider investor community.

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Holcim is one of the world's leading suppliers of cement, as well as aggregates (crushed stone, sand and gravel), concrete and construction-related services. The Group has majority and minority interests in more than 70 countries on all continents.
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This media release is also available in German.
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Corporate Communications: Tel. +41 58 858 87 10
Investor Relations: Tel. +41 58 858 87 87
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Internet: www.holcim.com