Moody's downgrades CRH

Moody's Investors Service said it downgraded the Baa1 ratings of CRH America, CRH Group Funding, CRH Finance (UK), CRH Finance BV and CRH Finance Ltd. and assigned a long-term Baa2 issuer rating to CRH plc, the ultimate parent of the CRH group.

The outlook has been changed to stable from negative.

Moody's said the ratings are based on the guarantee provided by the parent CRH plc in favor of outstanding debt instruments.

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