Research Update: HeidelbergCement 'B-' Long-Term Rating On CreditWatch Positive On Capital Increase, 'B' Short-Term Rating Affirmed - S&P Global Ratings’ Credit Research

Research Update: HeidelbergCement 'B-' Long-Term Rating On CreditWatch Positive On Capital Increase, 'B' Short-Term Rating Affirmed

Research Update: HeidelbergCement 'B-' Long-Term Rating On CreditWatch Positive On Capital Increase, 'B' Short-Term Rating Affirmed - S&P Global Ratings’ Credit Research
Research Update: HeidelbergCement 'B-' Long-Term Rating On CreditWatch Positive On Capital Increase, 'B' Short-Term Rating Affirmed
Published Sep 14, 2009
Published Sep 14, 2009
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

German heavy building materials group HeidelbergCement today announced its decision to launch a capital increase. We are placing the 'B-' long-term corporate credit rating and 'CCC+' issue ratings on senior unsecured bonds issued by subsidiaries HeidelbergCement Finance B.V., Hanson Ltd., and Hanson Australia Funding Ltd. on CreditWatch with positive implications. It is early at this stage for us to determine any precise outcome, but some limited ratings upside could result. On Sept. 14, 2009, Standard&Poor's Ratings Services placed its 'B-' long-term corporate credit rating on German heavy building materials manufacturer HeidelbergCement AG on CreditWatch with positive implications. We also placed the 'CCC+' issue ratings on the senior unsecured bonds issued by subsidiaries HeidelbergCement Finance B.V., Hanson Ltd., and

  
Report Type:

Research Update

Ticker
HEI@GR
Issuer
HeidelbergCement AG
GICS
Construction Materials (15102010)
Sector
Global Issuers
Country
Germany
Region
Europe, Middle East, Africa
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: HeidelbergCement 'B-' Long-Term Rating On CreditWatch Positive On Capital Increase, 'B' Short-Term Rating Affirmed" Sep 14, 2009. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-HeidelbergCement-B-Long-Term-Rating-On-CreditWatch-Positive-On-Capital-Increase-B-Short-Term-Rating-Affirmed-746408>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: HeidelbergCement 'B-' Long-Term Rating On CreditWatch Positive On Capital Increase, 'B' Short-Term Rating Affirmed Sep 14, 2009. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-HeidelbergCement-B-Long-Term-Rating-On-CreditWatch-Positive-On-Capital-Increase-B-Short-Term-Rating-Affirmed-746408>
  
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