Holcim credit rating upgraded by Moody’s and Standard & Poor’s

Holcim’s rating has been upgraded by Moody’s to Baa1 outlook stable on 1 June 2022. This follows
Standard & Poor’s increase in Holcim’s rating to BBB+ outlook stable on 25 March 2022.
In its announcement, Moody’s stated that its rating action “reflects Holcim’s solid operating
performance in 2021 that continued in the first quarter 2022.” In its Q1 2022 Trading Update, Holcim
upgraded its net sales growth guidance to at least 8% on a like-for-like basis and at least 10% in
Swiss francs.