...Elementia, S.A.B. de C.V.'s (Elementia) ratings reflect its strong business profile characterized by geographic and product line diversification, leading market shares in copper and in several of its business systems products, which have high brand recognition. A well-developed distribution network, stable operating results and its shareholders' strength are additional factors supporting the company's ratings. Issues that limit Elementia's ratings are the company's history of high and volatile leverage, industry cyclicality and input-cost volatility....