Fitch rates Cemex notes BB-

Fitch Ratings said it rated Cemex SAB de CV’s planned senior secured notes proposed issuance due 2031 BB-.

The guarantors will be Cemex Concretos, SA de CV, Cemex Espana, SA, Cemex Asia BV, Cemex Corp., Cemex Finance LLC, Cemex Africa & Middle East Investments BV, Cemex France Gestion (SAS), Cemex Research Group AG and Cemex UK.

Proceeds will be used for general corporate purposes, including refinancing debt.

Cemex’s outlook is negative.

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