OREANDA-NEWS. Fitch Ratings has assigned HeidelbergCement AG (HC) a senior unsecured rating at 'BB+'. The rating applies to HC's 2.25% EUR1bn Eurobond due 2023, which is guaranteed by Hanson Limited and launched as part of HC's EUR10bn EMTN programme.

KEY RATING DRIVERS
The bond is rated at the same level as HC's Issuer Default Rating (IDR) of 'BB+' as it represents direct, unconditional and unsecured obligations of the company.

RATING SENSITIVITIES
The bond's rating is sensitive to the same factors that affect the IDR.

HC's existing ratings and Outlook are as follows:
HeidelbergCement AG: Long-term IDR 'BB+' /Stable; Short-term IDR 'B'
HeidelbergCement Finance BV senior unsecured rating 'BB+'
HeidelbergCement Finance Luxembourg SA senior unsecured rating 'BB+'
Hanson Ltd senior unsecured rating 'BB+'