Ireland-Based CRH Outlook Revised To Stable On Recovering Credit Metrics; 'BBB+' Ratings Affirmed - S&P Global Ratings’ Credit Research

Ireland-Based CRH Outlook Revised To Stable On Recovering Credit Metrics; 'BBB+' Ratings Affirmed

Ireland-Based CRH Outlook Revised To Stable On Recovering Credit Metrics; 'BBB+' Ratings Affirmed - S&P Global Ratings’ Credit Research
Ireland-Based CRH Outlook Revised To Stable On Recovering Credit Metrics; 'BBB+' Ratings Affirmed
Published Sep 28, 2016
4 pages (1816 words) — Published Sep 28, 2016
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Following a robust operating performance, careful cost control, and the successful integration of sizeable acquisitions made in 2015, we now expect CRH's credit ratios to recover to a level more comfortably commensurate with our 'BBB+' rating. We are therefore revising our outlook on CRH to stable from negative and affirming our 'BBB+/A-2' ratings on the company. At the same time, we assigned our 'BBB+' issue ratings to the €1 billion term loan issued by CRH Finance Ltd., maturing June 27, 2018, and 100% guaranteed by CRH Plc. The stable outlook on CRH reflects our anticipation of continued good operating performance through 2016 and 2017, and more moderate acquisition activity over the same period, resulting in more headroom within the 'BBB+'

  
Brief Excerpt:

...+ Following a robust operating performance, careful cost control, and the successful integration of sizeable acquisitions made in 2015, we now expect CRH's credit ratios to recover to a level more comfortably commensurate with our '###+' rating. + We are therefore revising our outlook on CRH to stable from negative and affirming our '###+/A-2' ratings on the company. + At the same time, we assigned our '###+' issue ratings to the 1 billion term loan issued by CRH Finance Ltd., maturing June 27, 2018, and 100% guaranteed by CRH Plc. + The stable outlook on CRH reflects our anticipation of continued good operating performance through 2016 and 2017, and more moderate acquisition activity over the same period, resulting in more headroom within the '###+' rating. LONDON (S&P Global Ratings) Sept. 28, 2016--S&P Global Ratings said today that it has revised its outlook on Ireland-based building materials group CRH Plc to stable from negative. At the same time, we affirmed our '###+/A-2' long-...

  
Report Type:

Ratings Action

Ticker
CRH@ID
Issuer
CRH PLC
GICS
Construction Materials (15102010)
Sector
Global Issuers
Country
Ireland
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Ireland-Based CRH Outlook Revised To Stable On Recovering Credit Metrics; 'BBB+' Ratings Affirmed" Sep 28, 2016. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Ireland-Based-CRH-Outlook-Revised-To-Stable-On-Recovering-Credit-Metrics-BBB-Ratings-Affirmed-1725776>
  
APA:
S&P Global Ratings’ Credit Research. (). Ireland-Based CRH Outlook Revised To Stable On Recovering Credit Metrics; 'BBB+' Ratings Affirmed Sep 28, 2016. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Ireland-Based-CRH-Outlook-Revised-To-Stable-On-Recovering-Credit-Metrics-BBB-Ratings-Affirmed-1725776>
  
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