Madrid, March 17, 2015 -- Moody's Investors Service has today assigned a B1 rating with a Loss Given Default assessment of 4 (LGD4 - 51%) to the proposed issuance of EUR425 million worth of senior notes due 2023 by Obrascon Huarte Lain S.A. (OHL). Concurrently, Moody's has affirmed the company's B1 corporate family rating (CFR), B1-PD probability of default rating (PDR), as well as the B1 ratings on its existing senior unsecured debt instruments. The outlook on all ratings remains negative.

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