Moody's lowers Lafarge

Moody's Investors Service said it downgraded the long-term debt ratings of Lafarge North America, Inc. to Baa2 from Baa1.

In a related action, Lafarge's Prime-2 short-term debt rating was confirmed.

The outlook is negative.

Key factors impacting the downgrade include an expectation for increased leverage and a reduction in financial flexibility, the agency said.

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