Bulletin: Elementia S.A.B. de C.V.'s Spin-Off Of Its Metals And Building Systems Divisions Is Credit Neutral - S&P Global Ratings’ Credit Research

Bulletin: Elementia S.A.B. de C.V.'s Spin-Off Of Its Metals And Building Systems Divisions Is Credit Neutral

Bulletin: Elementia S.A.B. de C.V.'s Spin-Off Of Its Metals And Building Systems Divisions Is Credit Neutral - S&P Global Ratings’ Credit Research
Bulletin: Elementia S.A.B. de C.V.'s Spin-Off Of Its Metals And Building Systems Divisions Is Credit Neutral
Published Sep 08, 2021
Published Sep 08, 2021
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Abstract:

MEXICO CITY (S&P Global Ratings) Sept. 8, 2021--S&P Global Ratings today said that despite Elementia S.A.B. de C.V.'s (now known as Fortaleza Materiales S.A.B. de C.V. [FM]; BB-/Stable/--) recently completely spin-off of its metals and building systems divisions into a newly created company called Elementia Materiales S.A.B. de C.V. (not rated), FM's business and financial risk profiles should remain consistent with the current rating, in our view. With a total cement installed capacity of 6.7 million tons per year (mtpy), MXN12.6 billion in revenues, and MXN 3.4 billion in EBITDA in the last 12 months ended June 30, 2021, FM compares relatively well with other midsize regional cement players such as Cementos Pacasmayo S.A.A. (CPAC: BB+/Stable/--) and Union Andina de

  
Report Type:

Bulletin

Ticker
3255475Z@MM
Issuer
GICS
Building Products (20102010)
Sector
Global Issuers
Country
Region
Latin America
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Elementia S.A.B. de C.V.'s Spin-Off Of Its Metals And Building Systems Divisions Is Credit Neutral" Sep 08, 2021. Alacra Store. Jan 27, 2022. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Elementia-S-A-B-de-C-V-s-Spin-Off-Of-Its-Metals-And-Building-Systems-Divisions-Is-Credit-Neutral-2717509>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Elementia S.A.B. de C.V.'s Spin-Off Of Its Metals And Building Systems Divisions Is Credit Neutral Sep 08, 2021. New York, NY: Alacra Store. Retrieved Jan 27, 2022 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Elementia-S-A-B-de-C-V-s-Spin-Off-Of-Its-Metals-And-Building-Systems-Divisions-Is-Credit-Neutral-2717509>
  
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