Fitch upgrades Cemex rating

Mexican cement company Cemex has confirmed that it has received an upgrade from Fitch Ratings from 'B+' to 'BB-' due to the conversion of around US$820 million (€746.96 million) of bonds into capital. Fitch also compensated the refinance of US$8.6 billion of the company’s debt, which has reduced its annual financial expenditure by around US$200 million. In addition, the new rating included upgrades in the national scale from 'BBB' up to 'A-' and in the short-term national scale from F3 up to F2.
July 31, 2015 Read time: 1 min

Mexican cement company 643 Cemex has confirmed that it has received an upgrade from 4449 Fitch Ratings from 'B+' to 'BB-' due to the conversion of around US$820 million (€746.96 million) of bonds into capital.

Fitch also compensated the refinance of US$8.6 billion of the company’s debt, which has reduced its annual financial expenditure by around US$200 million.

In addition, the new rating included upgrades in the national scale from 'BBB' up to 'A-' and in the short-term national scale from F3 up to F2.

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January 31, 2017

Cemex upgraded by S&P Global Ratings

Mexican cement giant Cemex says S&P Global Ratings (S&P) upgraded its Corporate credit rating in its global scale to BB- from B+.

According to S&P, the upgrade reflects the company's sustainable deleveraging trajectory, improved profitability and its financial discipline to protect its liquidity.

“We are pleased to see our discipline and consistency in reducing our leverage reflected in an improvement in our credit rating,” said Jose Antonio Gonzalez, CEMEX’s chief financial officer. “This should fur

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