Sponsored Content
Moody's Considers to Downgrade Wienerberger
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.
Wienerberger is…
or Log In
Fast News Search