S&P affirms Grupo Mexico

S&P said it affirmed its BBB corporate credit rating on Grupo Mexico. S&P also affirmed the BBB corporate credit ratings on Americas Mining Corp., Southern Copper Corp. and Minera Mexico SA de CV because S&P continues to see these companies as core to the group's operations.

The outlook remains stable.

S&P also affirmed the BBB issue-level ratings on all senior unsecured notes of Southern Copper and Minera Mexico.

“The rating affirmation reflects our expectation that the company will maintain sound operating and financial performance, despite depressed copper prices in recent years,” S&P said in a news release.

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