LafargeHolcim Ltd: Recent Strong Performance Supports Rating Confirmation but we Remain Cautious on 2018 EBITDA Guidance
CORPORATES ISSUER IN-DEPTH 14 March 2017 RATINGS LafargeHolcim Ltd. Issuer rating Baa2 Outlook Negative Moody's Investors Service KEY METRICS: 2016 2015 2014 Debt/ EBITDA 4.1x 7.0x 3.4x RCF/net debtLafargeHolcim is a producer of cement and aggregates. Co. also supplies ready-mix concrete, concrete products, asphalt and a range of services. Co. operates through three segments: cement, aggregates, and other construction materials and services. Co.'s cement segment provides a range of cementitious materials and also develops customized blends for special applications. Through its aggregates segment, Co. produces aggregates which include crushed stone, gravel and sand mainly used in the manufacture of ready-mix concrete, concrete products and asphalt, as well as for road building and railway tracks, with production centered on quarrying, preparing and sorting the raw material.
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