Madrid, November 19, 2014 -- Moody's Investors Service has today downgraded to B1 from Ba3 the corporate family rating (CFR) and senior unsecured debt ratings of Obrascon Huarte Lain S.A. (OHL). Concurrently, Moody's has downgraded to B1-PD from Ba3-PD OHL's probability of default rating (PDR). The outlook on the ratings is negative.

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