Fitch gives Methanex notes BB

Fitch Ratings said it assigned BB/RR4 ratings to the new unsecured notes issued by Methanex Corp.

“The BB rating reflects the company’s position as the largest global supplier of methanol, with a global distribution network and 8.1 million metric tons (MT) in current production capacity,” Fitch said in a press release.

Proceeds will be used to repay the $250 million notes due in 2022, with the remaining $350 million used to enhance liquidity.

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