...Elementia, S.A.B. de C.V.'s ratings reflect its strong business profile, characterized by geographic and product line diversification, as well as leading market shares in copper and several of its building systems products, which have high brand recognition. Other factors include a well-developed distribution network, stable operating results and the strength of the company's shareholders. Factors that limit Elementia's ratings are its history of high or volatile leverage, the cyclicality of the construction industry and its scale relative to competitors....