Fitch raises CRH ratings

Fitch Ratings said it raised CRH’s long-term issuer default rating to BBB+ from BBB-.

“The upgrade reflects Fitch's expectation of improvements to CRH's profitability and financial structure. This is partly driven by a recent business mix shift following disposals of the U.S. and European distribution divisions and acquisition of Ash Grove Cement Co.,” said Fitch in a news release.

The outlook is stable.

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