Moody's affirms Dyckerhoff

Moody's Investors Service said it affirmed Dyckerhoff AG's long-term issuer rating at Baa2. The agency has also affirmed the short-term issuer rating at P-2.

The outlook remains negative.

Moody's said the affirmation of Dyckerhoff's long term rating reflects the improvement in the group's credit metrics since it assigned a negative outlook back in April. Supported by a recovery in its main markets from a very low level, Dyckerhoff posted solid top line growth over the last 12 to 18 months leading to significantly improved fixed cost absorption and improved margins.

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