Calcipar SA Credit Rating

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Date	Document Type	Title	Source
11 Apr 2013	Rating Action	Moody's upgrades Carmeuse's rating to Ba3; stable outlook	Moody's Investors Service
19 May 2011	Rating Action	Moody's reaffirms its B1 corporate family rating on Carmeuse and assigns a definitive B1 rating to its new USD 450 million senior secured notes.	Moody's Investors Service
14 Apr 2011	Rating Action	Moody's changes its rating on Carmeuse to B1 from B2 and assigns a provisional (P) B1 rating to Carmeuse new USD 375 million senior secured notes. Outlook on all ratings remains positive.	Moody's Investors Service
13 Apr 2011	Covenant Quality Assessment	Calcipar S.A. (Carmeuse Holding S.A.) - Pre-Sale Snapshot - $375m __% Senior Secured Notes due 2018	Moody's Investors Service
19 Oct 2010	Announcement	Moody's changes its outlook on Carmeuse to positive (CFR: B2)	Moody's Investors Service
07 Oct 2009	Rating Action	Moody's downgrades Carmeuse's CFR to B2, EUR250 million Senior Secured Rating affirmed at B1; Outlook stable.	Moody's Investors Service
11 May 2009	Rating Action	Moody's downgrades Carmeuse CFR to B1; Review for Downgrade	Moody's Investors Service
15 Dec 2008	Rating Action	Moody's downgrades the Corporate Family Rating of Carmeuse to Ba3. The outlook remains negative.	Moody's Investors Service
04 Sep 2008	Rating Action	Moody's places Ba2 ratings of Carmeuse under review for possible downgrade	Moody's Investors Service
14 Feb 2008	Rating Action	Moody's confirms Carmeuse's Corporate Family Rating at Ba2, the outlook is negative	Moody's Investors Service
15 Oct 2007	Rating Action	Moody's places Ba2 Corporate Family Rating of Carmeuse under review for possible downgrade.	Moody's Investors Service
20 Jun 2007	Rating Action	Moody's upgrades Carmeuse to Ba2, rates bonds (P) Ba2.	Moody's Investors Service

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