2024-05-08 06:01:35
The agency Rating agency Fitch Ratings raised Cemex’s long-term international risk and issuer rating in foreign and local currencies to ‘BBB’ from ‘BB+’, considering that the long-term outlook is stable.
The investment grade rating by Fitch Ratings is obtained less than two months after a similar decision by S&P Global Ratings (on March 13, 2024), so the company specifies a very relevant objective, Alik explained. García, deputy director of Stock Market Analysis at Valmex.
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He recalled that while in 2023 the outlook was raised from Stable to Positive by both rating agencies (S&P – August 2023, Fitch Ratings – July 2023).
In this sense, the two largest rating agencies have recognized the strength of
Cemex’s credit position, which not only increases the possibility that the company receives resources from a greater number of investors, but we hope it will have a lower cost to finance itself with debt.
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2024-05-08 06:01:35