...Rating Derivation versus Peers Peer Comparison HC's 'BBB-' rating is well positioned relative to the largest global building materials and building products peers, including Compagnie de Saint-Gobain, CRH plc and LH. The smaller scale of HC's operations is mitigated by a healthy exposure to stable, mature markets and high profitability that is second only to LH's. This is due to a larger proportion of aggregates and ready-mix production in HC's business mix compared with LH, which is less capital-intensive Parent/Subsidiary Linkage No parent/subsidiary linkage is applicable. Country Ceiling No Country Ceiling constraint was in effect for these ratings. Operating Environment No operating environment influence was in effect for these ratings. Other Factors No other factors were in effect for these ratings....
