Cement News tagged under: Mexico Cemex
Fitch Ratings upgrades Cemex to BB+14 June 2022, Published under Cement NewsFitch Ratings has upgraded the foreign and local currency Issuer Default Ratings (IDRs) of Cemex to 'BB+' from 'BB', its senior unsecured notes to 'BB+' from 'BB' and its subordinated hybrid issuance to 'BB-' from 'B+'. Cemex's national long-term rating is being upgraded to 'AA-(mex)' from 'A+(mex)', and its national short-term rating is affirmed at 'F1'. The rating outlook is stable. The upgrade reflects Cemex’s ongoing stronger operating performance which, along with asset sales, has ... |
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