The agency raised the Mexican cement giant’s local and foreign currency IDR rating from B to B+, and unsecured share emissions were increased from B+/RR3 to BB-/RR3. The company's long term rating was also increased from BB-(MEX) to BBB-(MEX), and the outlook for the ratings is stable. In the second quarter of 2013, Cemex saw its operational cash flow increase 4% due to an increase in sales in the US, Asia and Central and South America. Second quarter Ebitda was €550.3 million, up from €529.04 million in the same period 2012.
Cemex ratings up after capital investment
Cemex’s recent strengthening of capital has led to it its ratings being increased by leading ratings agency Fitch. The agency raised the Mexican cement giant’s local and foreign currency IDR rating from B to B+, and unsecured share emissions were increased from B+/RR3 to BB-/RR3. The company's long term rating was also increased from BB-(MEX) to BBB-(MEX), and the outlook for the ratings is stable. In the second quarter of 2013, Cemex saw its operational cash flow increase 4% due to an increase in sales in
Quarry Products / August 1, 2013
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