Frankfurt am Main, August 19, 2013 -- Moody's Investors Service has today downgraded the Corporate Family and Probability of Default ratings of Italcementi S.p.A. to Ba3 and Ba3-PD respectively. Concurrently Moody's has downgraded the Corporate Family and Probability of Default ratings of Ciments Francais SA to Ba2 and Ba2-PD respectively. Moody's has also downgraded the Senior Unsecured ratings of Italcementi S.p.A., Italcementi Finance S.A. and Ciments Francais SA to (P)Ba3, Ba3 and Ba2 respectively. The outlook on all ratings is stable.

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