-- German heavy building materials group HeidelbergCement has successfully raised new bonds for a combined €2.5 billion. -- The group recently completed a €2.2 billion capital increase, thereby reducing the Merckle family's stake to a quarter of its capital. -- These actions have together reduced the group's 2011 refinancing burden significantly. -- We are raising the long-term corporate credit rating to 'B+' from 'B-'. -- The positive outlook reflects our view of potential further rating upside should the group's credit metrics recover from an anticipated trough this year. PARIS (Standard&Poor's) Oct. 15, 2009--Standard&Poor's Ratings Services said today that it raised its long-term corporate credit rating on German heavy building materials manufacturer HeidelbergCement AG to 'B+' from
