LafargeHolcim's Proposed Hybrid Securities Rated 'BB+' And Assessed As Having Intermediate Equity Content - S&P Global Ratings’ Credit Research

LafargeHolcim's Proposed Hybrid Securities Rated 'BB+' And Assessed As Having Intermediate Equity Content

LafargeHolcim's Proposed Hybrid Securities Rated 'BB+' And Assessed As Having Intermediate Equity Content - S&P Global Ratings’ Credit Research
LafargeHolcim's Proposed Hybrid Securities Rated 'BB+' And Assessed As Having Intermediate Equity Content
Published Nov 19, 2018
5 pages (1967 words) — Published Nov 19, 2018
Price US$ 150.00  |  Buy this Report Now

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Abstract:

Switzerland-based building materials maker LafargeHolcim intends to issue new subordinated securities in the Swiss francs market. The proposed issuance follows the earlier issuance proposal of Holcim Finance (Luxembourg) S.A., which the group announced in May 2018 (see " LafargeHolcim's Proposed Hybrid Securities Rated 'BB+' And Assessed As Having Intermediate Equity Content," published on May 16, 2018), and which has not taken place so far. We assess the proposed securities as having intermediate equity content. We are assigning our 'BB+' issue rating to the proposed securities, reflecting their subordination and optional deferability. LONDON (S&P Global Ratings) Nov. 19, 2018--S&P Global Ratings today assigned its 'BB+' long-term issue rating to the proposed new subordinated securities to be issued by LafargeHolcim Helvetia Finance

  
Brief Excerpt:

...+ Switzerland-based building materials maker LafargeHolcim intends to issue new subordinated securities in the Swiss francs market. + The proposed issuance follows the earlier issuance proposal of Holcim Finance (Luxembourg) S.A., which the group announced in May 2018 (see " LafargeHolcim's Proposed Hybrid Securities Rated '##+' And Assessed As Having Intermediate Equity Content," published on May 16, 2018), and which has not taken place so far. + We assess the proposed securities as having intermediate equity content. + We are assigning our '##+' issue rating to the proposed securities, reflecting their subordination and optional deferability. LONDON (S&P Global Ratings) Nov. 19, 2018--S&P Global Ratings today assigned its '##+' long-term issue rating to the proposed new subordinated securities to be issued by LafargeHolcim Helvetia Finance Ltd., a 100% owned and controlled finance subsidiary of Switzerland-based building materials maker LafargeHolcim Ltd., which will guarantee the proposed...

  
Report Type:

Ratings Action

Ticker
HOLN@VX
Issuer
Holcim Ltd
GICS
Construction Materials (15102010)
Sector
Global Issuers
Country
Switzerland
Region
Pacific
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "LafargeHolcim's Proposed Hybrid Securities Rated 'BB+' And Assessed As Having Intermediate Equity Content" Nov 19, 2018. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/LafargeHolcim-s-Proposed-Hybrid-Securities-Rated-BB-And-Assessed-As-Having-Intermediate-Equity-Content-2131752>
  
APA:
S&P Global Ratings’ Credit Research. (). LafargeHolcim's Proposed Hybrid Securities Rated 'BB+' And Assessed As Having Intermediate Equity Content Nov 19, 2018. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/LafargeHolcim-s-Proposed-Hybrid-Securities-Rated-BB-And-Assessed-As-Having-Intermediate-Equity-Content-2131752>
  
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