27.09.2016 18:03:00
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St. Marys Cement Inc -- Moody's assigns Ba2 rating to Votorantim Cimentos' USD 500 million proposed notes; negative outlook
New York, September 27, 2016 -- Moody's Investors Service, ("Moody's") assigned a rating Ba2 to the proposed USD 500 million senior unsecured notes due 2027 to be issued by Votorantim Cimentos' wholly owned subsidiary St. Mary's Cement Inc. ("St. Mary's") and unconditionally guaranteed by Votorantim Cimentos S.A. ("Votorantim Cimentos"). Votorantim Cimentos' existing ratings and its Ba2 CFR remain unchanged. The ratings outlook remains negative.