Moody's: Dyckerhoff, Lonestar up to stable

Moody's Investors Service said it changed the outlook for the Ba1 senior implied rating of Dyckerhoff AG to stable from negative. Its short-term rating remains not prime.

The outlook on senior debt of Lonestar Industries Inc., guaranteed by Dyckerhoff AG, has also been changed to stable from negative.

Moody's said the change in outlook reflects stabilized and improved conditions in Dyckerhoff's most important market, Germany, the successful implementation of Dyckerhoff's cost-cutting program, the increased shareholding of Dyckerhoff's parent company Buzzi Unicem SpA, improved operating results, Moody's expectation of a further stabilization in the German market and Dyckerhoff's strong position in strongly growing emerging markets like Poland, the Czech Republic, the Ukraine or Russia.

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