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Standard & Poor's Raises Lafarge SA's Outlook to Stable; Maintains BB+/B Raiting-DJ

Tuesday, 12 Nov 2013 10:13am EST 

Dow Jones reported that Standard & Poor's raised Lafarge SA's outlook to stable from negative, while maintaining its BB+/B rating. Standard & Poor's said that Lafarge SA had reduced it's net debt to a level more in line with its rating, and that it should be able to raise as much as EUR 1.3 billion in 2013 through asset disposals. Standard & Poor's also announced that it thought Lafarge SA would meet its target of net debt of EUR 10 billion by the end of fiscal year 2013. 

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