S&P: Cemex on watch positive

Standard & Poor's said it placed its ratings, including the B- global scale and mxBB/mxB national scale corporate credit ratings, on Cemex SAB de CV and its key operating subsidiaries, Cemex Espana SA, Cemex Mexico SA de CV, Cemex Corp. and Cemex Inc., on CreditWatch with positive implications.

The agency said the CreditWatch listing reflects Cemex's extended debt maturity profile and additional liquidity following the successful execution of its liability management and asset sales plan.

Also, S&P said the listing reflects the company's improved operating performance and gradual recovery in most of its major markets, resulting in sustained EBITDA growth during the past five quarters and higher operating margins.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.