...+ In the past 12 months, Mexico-based building materials company, Elementia, posted weaker-than-expected operating and financial results due to the stoppage at its South Carolina cement plant, cost pressures, and sluggish market conditions in some of its Latin America markets. + Lower profitability and a higher interest burden are weighing on Elementia's credit metrics. However, we believe that the announced MXN1.5 billion capital increase will temporarily relieve the company's net debt to EBITDA ratio and financial covenants by the end of 2018, before Elementia deploys the funds for expansion projects. + We're revising our outlook on Elementia to negative from stable. We're also affirming our '##' long-term issuer credit and issue-level ratings on the company. + The negative outlook on Elementia reflects the downside risks for its operating and financial performance in the next 12 months if the company does not stabilize its operations and profitability, and if it doesn't reduce its debt...