Financial

Italcementi & CimFra outlook revised to Negative

14 December, 2020

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Standard & Poor's (S&P) lowered its outlook to negative from stable on Italcementi, as well as for the company's 81%-owned subsidiary Ciments Francais, on Wednesday. S&P also lowered the group's short-term credit rating to 'A-3' from 'A-2'. However, the 'BBB' long-term rating was affirmed, S&P said.

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