23.06.2014 18:01:00

Texas Industries, Inc. -- Moody's: Texas Industries' ratings remain under review; ratings upgrade upon merger consummation

New York, June 23, 2014 -- Moody's Investors Service stated that Texas Industries, Inc.'s ("TXI") ratings remain under review for possible upgrade following the confirmation of Martin Marietta Materials, Inc.'s ("Martin Marietta") Corporate Family Rating at Ba1 and Martin Marietta's announcement that it will redeem all of TXI's $650 million in outstanding notes with proceeds from its proposed bond issuance.

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