Fitch Affirms Cementos Pacasmayo rating

Fitch Affirms Cementos Pacasmayo rating
Published: 16 January 2014

Fitch has affirmed ratings of Peruvian cement producer Cementos Pacasmayo. The ratings Outlook is Stable. The following ratings have been affirmed:

• Foreign currency Issuer Default Rating (IDR) at 'BBB-'
• Local currency IDR at 'BBB-'
• US$300m senior unsecured notes at 'BBB-'.

Fitch said the ratings reflect the company's solid business position as the only cement producer in Peru's northern region.

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