Our credit view of this issuer reflects its strong liquidity and balanced geographical diversification, constrained by its cyclicality of construction end markets.
Our credit view of Holcim reflects its strong liquidity, especially following the sale of its Indian and Brazilian operations, constrained by the cyclicality of construction end markets.
If Holcim applies sufficiently conservative financial policies after the spin-off, its remaining operations are sizeable and robust enough to maintain its Baa1 issuer rating.
Our credit view of Holcim reflects its geographic diversification and strong market position, balanced by exposure to the cyclicality of construction end markets.
Resolution of the DOJ inquiry into legacy Lafarge operations in Syria is credit positive, given the manageable size of financial penalty and the reduced in litigation risk.