MEXICO CITY (S&P Global Ratings) July 1, 2016-- S&P Global Ratings said today that its ratings and outlook on Elementia S.A.B. de C.V. (BB+/Stable/--) are not affected by the company's announcement that it signed an economic credit agency (ECA) facility agreement for up to $128 million with Santander. The new facility bears a London interbank offered (LIBOR) interest rate of six months plus 80 basis points and has an amortization profile with a final maturity date in 2027. Elementia announced its plan to draw between $80 million to $100 million during 2016 and the remaining part in the following year. In line with our projections, we expect the company's credit metrics to remain commensurate with our intermediate financial risk profile,
