Fitch affirms CRH

Fitch Ratings said it has affirmed CRH plc's long-term issuer default rating and senior unsecured rating at BBB+.

Fitch said it has also affirmed CRH's short-term issuer default rating at F2.

The agency added that it has revised the outlook on the company's long-term issuer default rating to negative from stable.

At the same time, Fitch noted that it has affirmed CRH America, Inc.'s senior unsecured rating at BBB+, adding that the outlook revision reflects Fitch's expectation that CRH's credit metrics will be weak for its current ratings in 2009 despite a number of cash enhancement measures announced by management following the sharp decline in global trading conditions during H208.

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