S&P revises Unacem view to negative

S&P said it revised the outlook for Union Andina de Cementos SAA to negative from stable and affirmed the company’s BB rating.

“The negative outlook reflects a potential downgrade in the next 12 months if the ongoing economic crisis and the pandemic have a deeper effect on the company's operating and financial performance, reflected in net debt to EBITDA consistently above 4x or discretionary cash flow (DCF) to debt below 5%, with no foreseeable deleveraging in the near term,” the agency said in a press release.

© 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.