S&P assigns BBB to Southern Copper notes

Standard & Poor’s said it assigned its BBB issue-level rating to Southern Copper Corp.’s (BBB/stable/--) proposed senior unsecured notes due 2025 and 2045 for up to $2 billion.

S&P said its ratings on Southern Copper and its Mexico-based subsidiary, Minera Mexico SA de CV (BBB/stable/--), are at the same level as those on its parent Americas Mining Corp. (BBB/stable/--) and Americas Mining’s parent Grupo Mexico SAB de CV (BBB/stable/--).

© 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.