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Cemex S.A.B. de C.V. Ratings Raised To 'B' From 'B-' And Removed From CreditWatch; Outlook Positive Jan 13 Product Image

Cemex S.A.B. de C.V. Ratings Raised To 'B' From 'B-' And Removed From CreditWatch; Outlook Positive Jan 13

  • ID: 2386871
  • January 2013
  • Standard & Poors

Abstract
Mexico-based cement producer CEMEX's operating performance exceeded our expectations for 2012. CEMEX improved its capital structure through recent debt refinancing and increased its liquidity through asset sales. We are raising our global scale corporate credit ratings on CEMEX to 'B' from 'B-' and Mexican national scale ratings to 'mxBBB-/mxA-3' from 'mxBB/mxB', and removed them from CreditWatch with positive implications. The positive outlook reflects CEMEX's favorable revenue growth prospects and our expectation that the company will continue to improve its key financial metrics over the next 12 to 18 months. MEXICO CITY (Standard & Poor's) Jan. 25, 2013--Standard & Poor's Ratings Services raised its global scale corporate credit ratings on CEMEX S.A.B. de C.V. and its key operating subsidiaries, CEMEX España...

Companies mentioned in this report are:
- CEMEX S.A.B. de C.V.

Action: New Rating
Action: Outlook: Positive
Action: Removed From CreditWatch

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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