Moody's Lowers Italcementi Fabbriche Riunite Cemento SpA Bergamo's Corporate Rating with Stable Outlook


Monday, 19 Aug 2013 01:19pm EDT 

Italcementi Fabbriche Riunite Cemento SpA Bergamo announced that Moody's Investor Services has lowered Italcementi's corporate rating from Ba2 to Ba3, with outlook changing from negative to stable. The Company does not agree with the rating action which, according to Italcementi, does not reflect the actions of strategic reinforcement made by the Group in recent months. 

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