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Research Update: Cemex S.A.B. de C.V. CreditWatch Listing Revised To Developing From Negative Aug 09 Product Image

Research Update: Cemex S.A.B. de C.V. CreditWatch Listing Revised To Developing From Negative Aug 09

  • Published: August 2009
  • Standard & Poors

FEATURED COMPANIES

  • C10 Capital Ltd.
  • C5 Capital Ltd.
  • C8 Capital Ltd.
  • CEMEX Corp.
  • CEMEX Espana S.A.
  • CEMEX Finance Europe B.V.
  • MORE

Abstract
Cemex announced yesterday that all of its creditors have indicated that they support the issuer's refinancing plan. We have revised our CreditWatch placement on Cemex to developing from negative. To resolve the CreditWatch, we intend to follow up once the refinancing agreement's terms and conditions have been announced and become effective. On Aug. 10, 2009, Standard & Poor's Ratings Services revised its CreditWatch listing on Cemex S.A.B. de C.V.'s (Cemex) 'B-' long-term corporate credit rating--as well as its national scale ratings, senior unsecured debt and perpetual debentures, and on its subsidiaries--to developing from negative, where they were placed on March 10, 2009, reflecting our concerns about the timely refinancing of its bank loan maturities in 2009. The revision of the...

Companies mentioned in this report are:
- CEMEX S.A.B. de C.V.
- CEMEX Inc.
- CEMEX Materials LLC.
- CEMEX Mexico S.A. de C.V.
- CEMEX Espana S.A.
- CEMEX Finance Europe B.V.
- CEMEX Corp.
- Holcim Finance (Australia) Pty Ltd.
- C5 Capital Ltd.
- C10 Capital Ltd.
- C8 Capital Ltd.
- C10-EUR Capital (SPV) Limited

Action: On CreditWatch:Developing

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- CEMEX S.A.B. de C.V.
- CEMEX Inc.
- CEMEX Materials LLC.
- CEMEX Mexico S.A. de C.V.
- CEMEX Espana S.A.
- CEMEX Finance Europe B.V.
- CEMEX Corp.
- Holcim Finance (Australia) Pty Ltd.
- C5 Capital Ltd.
- C10 Capital Ltd.
- C8 Capital Ltd.
- C10-EUR Capital (SPV) Limited

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