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
August 1, 2013 Read time: 1 min

643 Cemex’s recent strengthening of capital has led to it its ratings being increased by leading ratings agency 4449 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 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.

Quarry Products

For more information on companies in this article

Related Content

July 18, 2014

Cemex Q2 2014 sales up and first quarterly profit since 2009

Cemex say improved trade in the US, Mediterranean, South America, Central America, the Caribbean and Asia , and the higher price of its products in local currency terms in most of its operations, has led to the Mexican building material giant’s 4% increase to US$4.2 billion in Q2 2014 consolidated net sales, compared to the same period of 2013.

With controlling interest net income at $76 million in the quarter, Cemex posted its first quarterly profit since 2009. Cemex’s operating EBITDA increased year-

October 25, 2013

Cemex reports third-quarter 2013 results

Cemex’s consolidated net sales reached US$4 billion (€2.9 billion) during the third-quarter of 2013, an increase of 3% versus the comparable period in 2012. Operating EBITDA increased by 2% during the quarter to $747 million versus the same period in 2012.

The company says the increase in consolidated net sales was due to higher prices of its products in local currency terms and higher volumes in most of our regions while operating earnings before other expenses, net, in the third-quarter increased by 14

boombox1

Highlighted Content

boombox2