Moody's ups Cemex view to positive

Moody's Investors Service said it revised the outlook on Cemex SA de CV's Ba1 ratings to positive from stable.

Ratings affected include the company's Ba1 ratings on about $110 million in senior unsecured euro notes and its senior implied rating.

The positive outlook reflects Moody's recognition that Cemex's management has begun to mitigate the significant near-term refinancing risk associated with RMC Group acquisition debt.

© 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.