Lafarge S.A. Upgraded To 'BBB/A-2' On Core Group Status; Parent LafargeHolcim Affirmed At 'BBB/A-2'; Outlook Stable - S&P Global Ratings’ Credit Research

Lafarge S.A. Upgraded To 'BBB/A-2' On Core Group Status; Parent LafargeHolcim Affirmed At 'BBB/A-2'; Outlook Stable

Lafarge S.A. Upgraded To 'BBB/A-2' On Core Group Status; Parent LafargeHolcim Affirmed At 'BBB/A-2'; Outlook Stable - S&P Global Ratings’ Credit Research
Lafarge S.A. Upgraded To 'BBB/A-2' On Core Group Status; Parent LafargeHolcim Affirmed At 'BBB/A-2'; Outlook Stable
Published Aug 06, 2015
Published Aug 06, 2015
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Switzerland-based LafargeHolcim Ltd. (formerly Holcim Ltd) and France-based Lafarge S.A. have completed their merger announced in April 2014. We assess the combined group's business risk profile as strong, matching those of Lafarge and Holcim. At the same time, we believe the new group's financial risk profile will resemble Holcim's significant one, reflecting our view that the group will use the cash proceeds from asset disposals to reimburse its gross debt. We are therefore affirming our 'BBB/A-2' ratings on LafargeHolcim Ltd. and equalizing our ratings on Lafarge S.A. with those on LafargeHolcim, reflecting its core group status within LafargeHolcim. The stable outlook on LafargeHolcim and its core subsidiaries reflects our view that the group's pro forma cash flow and operating EBITDA

  
Report Type:

Ratings Action

Ticker
HOLN@VX
Issuer
Holcim Ltd
GICS
Construction Materials (15102010)
Sector
Global Issuers, Structured Finance
Country
Switzerland
Region
Pacific
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Lafarge S.A. Upgraded To 'BBB/A-2' On Core Group Status; Parent LafargeHolcim Affirmed At 'BBB/A-2'; Outlook Stable" Aug 06, 2015. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Lafarge-S-A-Upgraded-To-BBB-A-2-On-Core-Group-Status-Parent-LafargeHolcim-Affirmed-At-BBB-A-2-Outlook-Stable-1430430>
  
APA:
S&P Global Ratings’ Credit Research. (). Lafarge S.A. Upgraded To 'BBB/A-2' On Core Group Status; Parent LafargeHolcim Affirmed At 'BBB/A-2'; Outlook Stable Aug 06, 2015. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Lafarge-S-A-Upgraded-To-BBB-A-2-On-Core-Group-Status-Parent-LafargeHolcim-Affirmed-At-BBB-A-2-Outlook-Stable-1430430>
  
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