CEMENTIR HOLDING N.V. Amsterdam, 26 June 2024 - Rating agency S&P Global has confirmed Cementir Holding N.V.'s long-term rating at BBB- with a stable outlook.
S&P highlights that the rating confirmation reflects Cementir's strong operational performance in 2023, its strong balance sheet and a clear strategy to reduce CO2 emissions, which should translate into improved competitiveness.
The Stable Outlook reflects the Group's strong cash generation, net cash position since 2023 and cautious investment and M&A management. These elements lead to a balance sheet strength that will enable the Group to sustain costs associated with decarbonization.
For more information, please refer to the press release published by S&P Global on the website www.spglobal.com.
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Cementir Holding NV published this content on 26 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 June 2024 13:29:52 UTC.
