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| Fitch Downgrades Saint-Gobain Fitch Ratings has downgraded Compagnie de Saint Gobain SA's ratings to Senior Unsecured 'A-' (A minus) from 'A' and Short-term 'F2' from 'F1' and removed them from Rating Watch Negative. A Negative Outlook has been assigned to the Long-term rating. The downgrades reflect the more leveraged financial profile of Saint-Gobain following the completion of the significant debt-financed acquisition of BPB for about GBP3.9 billion. Saint-Gobain is a France-based leader in building materials with 2004 revenues of about EUR32bn. BPB is a UK-based plasterboard manufacturer with 2004 revenues of about GBP2.3bn. write your comments about the article :: © 2005 Construction News :: home page |