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

Published Sep 28, 2016

7 pages (2238 words) — Published Sep 28, 2016

Price US$ 225.00 | 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....

Report Type:

Research Update

Ticker

CRH@ID

Issuer

CRH PLC

GICS

Construction Materials (15102010)

Sector

Global Issuers

Country

Ireland

Region

United States

Format:

PDF

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About the Author

Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Research Update: 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/Research-Update-Ireland-Based-CRH-Outlook-Revised-To-Stable-On-Recovering-Credit-Metrics-BBB-Ratings-Affirmed-1725777>

APA:	S&P Global Ratings’ Credit Research. (). Research Update: 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/Research-Update-Ireland-Based-CRH-Outlook-Revised-To-Stable-On-Recovering-Credit-Metrics-BBB-Ratings-Affirmed-1725777>

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