Orbia Advance Corporation, S.A.B. de C.V.: Update to credit analysis - Moody's Global Credit Research

Orbia Advance Corporation, S.A.B. de C.V.: Update to credit analysis

Orbia Advance Corporation, S.A.B. de C.V.: Update to credit analysis - Moody's Global Credit Research
Orbia Advance Corporation, S.A.B. de C.V.: Update to credit analysis
Published May 08, 2024
11 pages (5263 words) — Published May 08, 2024
Price US$ 250.00  |  Buy this Report Now

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Brief Excerpt:

...Orbia Advance Corporation, S.A.B. de C.V.'s (Orbia) Baa3 rating reflects its adequate credit metrics for the rating category, and its leading market position, ample liquidity and comfortable long-term debt maturity profile. The rating also incorporates the company's adequate profit margin, which benefits from its vertical integration into ethylene that reduces costs substantially; and growth -- organic and through acquisitions -- in high-margin value-added businesses. The rating also takes into account Orbia's historical M&A activity, which increases execution risk. However, the company's current strategy to grow organically given the downcycle in the sector and its good track record of integrating acquisitions while capturing synergies mitigate this risk....

  
Report Type:

Credit Opinion

Company:
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Orbia Advance Corporation, S.A.B. de C.V.
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Orbia Advance Corporation, S.A.B. de C.V. - December 2023 (LTM): Peer Snapshot - Peer Snapshot – 2024/05/15 – US$ 750.00 – ...Baa3 Stable Baa3 Stable Baa2 Stable Baa3 Positive Baa2 Stable Orbia Advance Corporation, S.A.B. Alpek, S.A.B. de C.V. Westlake Corporation RPM International Inc. Eastman Chemical Company...

Orbia Advance Corporation, S.A.B. de C.V. - September 2023 (LTM): Peer Snapshot - Peer Snapshot – 2023/11/22 – US$ 750.00 – ...Baa3 Stable Baa3 Stable Baa2 Stable Baa3 Stable Baa2 Stable Orbia Advance Corporation, S.A.B. Alpek, S.A.B. de C.V. Westlake Corporation RPM International Inc. Eastman Chemical Company...

Orbia Advance Corporation, S.A.B. de C.V. - June 2023 (LTM): Peer Snapshot - Peer Snapshot – 2023/08/30 – US$ 750.00 – ...Baa3 Stable Baa3 Positive Baa2 Stable Baa3 Stable Baa2 Stable Orbia Advance Corporation, S.A.B. Alpek, S.A.B. de C.V. Westlake Corporation RPM International Inc. Eastman Chemical Company...

Orbia Advance Corporation, S.A.B. de C.V. - March 2023 (LTM): Peer Snapshot - Peer Snapshot – 2023/07/10 – US$ 750.00 – ...Baa3 Stable Baa3 Positive Baa2 Stable Baa3 Stable Baa2 Stable Orbia Advance Corporation, S.A.B. Alpek, S.A.B. de C.V. Westlake Corporation RPM International Inc. Eastman Chemical Company...

Orbia Advance Corporation, S.A.B. de C.V.: Update following rating affirmation at Baa3, outlook remains stable - Credit Opinion – 2023/05/03 – US$ 250.00 – ...Orbia Advance Corporation, S.A.B. de C.V.'s (Orbia) Baa3 rating reflects its adequate credit metrics for the rating category and its market position, ample liquidity, and comfortable long-term debt maturity profile. It also incorporates the company's adequate profit margin, which benefits from its vertical integration into ethylene that reduces costs substantially; and the benefits from its growth -- organic and through acquisitions -- in high-margin value- added businesses. The rating also takes into consideration Orbia's historical M&A activity, which increases execution risk. This risk is mitigated by the company's current strategy to grow organically and its good track record of integrating acquisitions while capturing synergies....

Moody's affirms Orbia's Baa3 rating, stable outlook - Rating Action – 2023/04/28 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

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Moody's Global Credit Research—Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

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Cite this Report

  
MLA:
Moody's Global Credit Research. "Orbia Advance Corporation, S.A.B. de C.V.: Update to credit analysis" May 08, 2024. Alacra Store. May 20, 2024. <http://www.alacrastore.com/moodys-credit-research/Orbia-Advance-Corporation-S-A-B-de-C-V-Update-to-credit-analysis-PBC_1397556>
  
APA:
Moody's Global Credit Research. (). Orbia Advance Corporation, S.A.B. de C.V.: Update to credit analysis May 08, 2024. New York, NY: Alacra Store. Retrieved May 20, 2024 from <http://www.alacrastore.com/moodys-credit-research/Orbia-Advance-Corporation-S-A-B-de-C-V-Update-to-credit-analysis-PBC_1397556>
  
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