Fitch affirms Cemex

Fitch Ratings said it has affirmed the foreign and local currency issuer default ratings of Cemex, SAB de CV at B.

Fitch said it has also affirmed Cemex's BB-(mex) long-term national-scale rating and its B(mex) short-term national-scale rating.

The outlook remains stable.

The rating affirmations incorporate Fitch's expectation that Cemex will successfully complete the refinancing of its 2009 financing agreement through the exchange offer and consent request it announced during July.

© 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.