Home Credit Ratings and Research Fitch Research Grupo Ferroviario Mexicano, S.A. de C.V.

Grupo Ferroviario Mexicano, S.A. de C.V. (And Ferrocarril Mexicano, S.A. de C.V.)

Published Jan 20, 2015

9 pages (4599 words) — Published Jan 20, 2015

Price US$ 550.00 | Buy this Report Now

About This Report

Brief Excerpt:

...Strong Parent Credit Linkage: Grupo Ferroviario Mexicano, S.A. de C.V. (GFM) and Ferrocarril Mexicano, S.A. de C.V. (Ferromex) ratings are supported by Grupo Mexico, S.A.B. de C.V.'s (Grupo Mexico) and subsidiaries' Issuer Default Ratings at `BBB+', Stable Outlook. Ferromex is 100% owned by GFM and has strong legal and operational ties with its parent. Infrestructura y Transportes owns 74% of GFM, and Union Pacific controls 26%. Leading Mexican Railroad Position: GFM is the leading company within the Mexican railroad transportation sector with a 55% market share of railway load distribution, measured in metric tons times kilometers traveled (tons-km). This compares to the next largest domestic competitor, Kansas City Southern de Mexico S.A. de C.V. (KCSM, Fitch Long-Term IDR of BBB¡ Positive Outlook) with a 34% market share. Railroad transportation penetration in Mexico is low and has significant potential for growth, with trucks accounting for 74% of transportation and rail accounting...

Report Type:

Full Rating Report

Company(ies)

Grupo Ferroviario Mexicano, S.A. de C.V. , Ferrocarril Mexicano, S.A. de C.V.

Issuer

Grupo Ferroviario Mexicano, S.A. de C.V.

Format:

PDF

Fitch Affirms Grupo Mexico and Southern Copper at 'BBB+'; Ferromex at 'AAA(mex)'; Outlook Stable – 2016/11/21 – US$ 149.00

Fitch Upgrades Southern Copper Corporation and Minera Mexico – 2006/05/03 – US$ 149.00

Ferrocarril Mexicano, S.A. de C.V. – 2015/02/12 – US$ 550.00

Southern Copper Corp. – 2016/02/25 – US$ 550.00

Fitch Califica ‘AAA (mex)’ a Emisión Propuesta de Ferromex por MXN2,000 Millones – 2014/09/30 – US$ 149.00

Grupo Mexico, S.A.B. de C.V. – 2017/01/17 – US$ 550.00

Fitch: Mexican Corporates: Outlook Positive for 2015 – 2014/11/05 – US$ 149.00

Fitch: Challenges Overshadow Positive Long-term Outlook for Peruvian Corporates – 2014/11/10 – US$ 149.00

Fitch Affirms Grupo Ferroviario Mexicano at 'BBB+'; Ferromex at 'AAA(mex)'; Outlook Stable – 2014/11/24 – US$ 149.00

Fitch Affirms IDRs of Grupo Mexico, AMC, SCC, GFM at 'BBB+'; Ferromex at 'AAA(mex)'; Outlook Stable – 2015/11/23 – US$ 149.00

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MLA:	Fitch Research. "Grupo Ferroviario Mexicano, S.A. de C.V. (And Ferrocarril Mexicano, S.A. de C.V.)" Jan 20, 2015. Alacra Store. May 11, 2025. <http://www.alacrastore.com/fitch-credit-research/Grupo-Ferroviario-Mexicano-S-A-de-C-V-And-Ferrocarril-Mexicano-S-A-de-C-V-853589_report_frame>

APA:	Fitch Research. (). Grupo Ferroviario Mexicano, S.A. de C.V. (And Ferrocarril Mexicano, S.A. de C.V.) Jan 20, 2015. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/fitch-credit-research/Grupo-Ferroviario-Mexicano-S-A-de-C-V-And-Ferrocarril-Mexicano-S-A-de-C-V-853589_report_frame>

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