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

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

  • Published: January 2013
  • 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
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. On 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 S.A., CEMEX Mexico...

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.
- C5 Capital Ltd.
- C10 Capital Ltd.
- C8 Capital Ltd.
- C10-EUR Capital (SPV) Limited
- CEMEX Finance LLC

Action: New Rating
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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.
- C5 Capital Ltd.
- C10 Capital Ltd.
- C8 Capital Ltd.
- C10-EUR Capital (SPV) Limited
- CEMEX Finance LLC

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