Italcementi S.p.A. -- Moody's places Italcement's Ba3 ratings on review for upgrade

Frankfurt am Main, March 12, 2014 -- Moody's Investors Service, ("Moody's") has today placed on review for upgrade the Ba3 corporate family rating (CFR), the Ba3-PD probability of default rating (PDR) of Italcementi S.p.A. (ITC), (P)Ba3 rating for its MTN programme and the Ba3/(P)Ba3 senior unsecured ratings of its subsidiary Italcementi Finance S.A.. At the same time Moody's placed under review for direction uncertain the Ba2 CFR and Ba2-PD rating for Italcementi's subsidiary Ciments Francais S.A. (CF) as well as the Ba2 senior unsecured rating of CF's outstanding Euro Medium Term notes.

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