Moody’s revises Elementia view to stable

Moody’s Investors Service said it revised the outlook for Elementia SAB de CV to stable from under review.

The agency also confirmed the company’s Ba2 corporate family rating.

The affirmation and outlook revision followed the announcement of an agreement reached to sell Elementia’s cement assets in Pennsylvania with proceeds used to reduce leverage.

Moody’s started the review on April 12.

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