Fitch Lifts Cemex

Fitch Lifts Cemex

Mexico Bonds Corporate & Sovereign Strategy

Fitch has upgraded Cemex to B+ from B, it says, based on continued improvements to the Mexican cement maker’s capital structure. The agency notes a gradual recovery in the key US market and a better outlook for Cemex’s Ebitda and cashflow. Confidence from the capital markets has improved since 2009, most recently displayed in a well-received debt refinancing operation and the IPO of Cemex LatAm Holdings in Colombia, both last year. “These factors have reduced Cemex's refinancing risk, lowered th

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