Moody's Considers to Downgrade Wienerberger

Business › n.a. ♦ Published: February 17, 2012; 13:18 ♦ (Vindobona)

The U.S. rating agency placed all ratings of Wienerberger under review for possible downgrade.

Moody's Considers to Downgrade Wienerberger / Picture: © Wienerberger

Moody's Investors Services has today placed all ratings of Wienerberger AG under review for possible downgrade following the group's announcement of the debt financed acquisition of a 50% stake in Pipelife for a total consideration of € 232m (€ 162m cash consideration and € 70m net debt consolidation at Pipelife) valuing Pipelife at around 6.0x 2011 EBITDA.

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