Fitch Sees Pressure on Mexican Homebuilders

Fitch Sees Pressure on Mexican Homebuilders

Mexico Corporate & Sovereign Strategy

Fitch has put Mexican Homebuilders Urbi, Javer, Homex, and Corporacion GEO on rating watch negative, it says, citing government policy likely to push “vertical housing in urban areas” and related operating cash flow concerns for the builders. “These rating actions are a result of pressure on free cash flow, an increase in lending for the purchase of used houses, uncertainty surrounding the potential support by the government for companies in the industry that could come under financial pressure,

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