Moody's Raises Loma Negra

Moody's Raises Loma Negra

Moody's has upgraded Loma Negra's global local currency corporate family rating to Ba3 (stable) from B2, while confirming its Ba3 global local currency rating and national scale rating. This covers Loma Negra's $100m senior unsecured notes due 2013, which are guaranteed by Camargo Correa Cimentos (CCC). "The ratings reflect Loma Negra's leading position in the Argentine cement market and solid financial profile, with low leverage and high operating margins, which are sustained by logistic

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