Cement News tagged under: S&P
S&P puts Cemex ratings on Watch Positive20 June 2017, Published under Cement NewsS&P Global Ratings has placed its 'BB-' global scale and 'mxA-/mxA-2' national scale ratings on Cemex on CreditWatch with positive implications. The recovery rating on all Cemex's rated senior debt remains at '3', which indicates that bondholders can expect a meaningful (50-70 per cent, in the higher band of the range) recovery in the event of a payment default. S&P writes: "Following our 30 January 2017 upgrade of Cemex, our base-case scenario assumed that the company would remain commit... |
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