Fitch gives HeidelbergCement notes BB-

Fitch Ratings said it assigned HeidelbergCement AG's proposed benchmark notes an expected senior unsecured rating of BB-.

The expected rating is in line with the company's long-term issuer default rating of BB-, the agency said, adding that the notes are proposed to be divided into two tranches, each of a minimum of €500 million, with maturities in August 2015 and April 2020.

The notes' final rating is contingent upon receipt of final documents conforming to information already received, Fitch said, adding that HeidelbergCement's short-term issuer default rating is B.

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