In boost to Hungary's Orban, Moody's upgrades nation's credit rating
The Moody's ratings agency raised Hungary's credit rating from 'Baa3' to 'Baa2', based upon its strong economic recovery from the pandemic
Source: russiaherald.com
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Moody's raises HeidelbergCement rating to Baa2
Thursday, 22 Apr 21 Moody’s Investors Service has upgraded HeidelbergCement’s long term issuer rating to Baa2 from Baa3, its backed senior unsecured rating to Baa2 from Baa3 and the senior unsecured EMTN rating to (P)Baa2 from (P)Baa3. Concurrently, the rating agency has upgraded the backed other short-term rating to (P)P-2 from (P)P-3. The rating outlook is stable. Advertisement As rationale behind the rating upgrade, Moody’s particularly highlighted HeidelbergCement’s resilient performance throughout 2020, its strong cash flow generation as well as its conservative financial policy...
Source: worldcement.com