Fitch drops Methanex

Fitch Ratings said it has downgraded Methanex Corp.'s issuer default rating and senior unsecured ratings as follows: issuer default rating to BBB- from BBB; senior unsecured debt to BBB-from BBB; and senior unsecured revolver to BBB- from BBB.

The outlook is stable.

According to the agency, Methanex's ratings are supported by its size, scale, and low-cost position within the methanol industry; global distribution network; light maturity schedule; and conservative financial management.

© 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.