Frankfurt am Main, August 03, 2016 -- Moody's Investors Service ("Moody's") has downgraded to B3 from B2 the corporate family rating (CFR) of Spanish multinational construction and civil engineering company Obrascon Huarte Lain S.A. ("OHL") and the ratings on the group's senior unsecured debt instruments. Concurrently, Moody's downgraded OHL's probability of default rating (PDR) to B3-PD from B2-PD. The outlook on all ratings is changed to negative from stable.
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