Research Update: Elementia S.A.B. de C.V. Outlook Revised To Stable From Negative On Stronger Performance; 'BB-' Rating Affirmed - S&P Global Ratings’ Credit Research

Research Update: Elementia S.A.B. de C.V. Outlook Revised To Stable From Negative On Stronger Performance; 'BB-' Rating Affirmed

Research Update: Elementia S.A.B. de C.V. Outlook Revised To Stable From Negative On Stronger Performance; 'BB-' Rating Affirmed - S&P Global Ratings’ Credit Research
Research Update: Elementia S.A.B. de C.V. Outlook Revised To Stable From Negative On Stronger Performance; 'BB-' Rating Affirmed
Published Jul 21, 2021
Published Jul 21, 2021
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Mexico-based building materials company Elementia S.A.B. de C.V. (Elementia) posted stronger-than-expected operating and financial performance in the last 12 months, including an adjusted net debt to EBITDA close to 3.5x. We estimate the company will continue deleveraging in the next 12 months, thanks to stronger EBITDA and cash generation in its three business units amid favorable industry fundamentals. We expect that even if the proposed spin-off materializes in the next six months, the company's credit metrics will remain commensurate with the current rating level. On July 21, 2021, S&P Global Ratings revised its outlook on Elementia to stable from negative. We also affirmed our 'BB-' issuer credit rating on the company. The stable outlook reflects our expectation that Elementia will

  
Report Type:

Research Update

Ticker
3255475Z@MM
Issuer
GICS
Building Products (20102010)
Sector
Global Issuers
Country
Region
Latin America
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Elementia S.A.B. de C.V. Outlook Revised To Stable From Negative On Stronger Performance; 'BB-' Rating Affirmed" Jul 21, 2021. Alacra Store. Jan 27, 2022. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Elementia-S-A-B-de-C-V-Outlook-Revised-To-Stable-From-Negative-On-Stronger-Performance-BB-Rating-Affirmed-2692228>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Elementia S.A.B. de C.V. Outlook Revised To Stable From Negative On Stronger Performance; 'BB-' Rating Affirmed Jul 21, 2021. New York, NY: Alacra Store. Retrieved Jan 27, 2022 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Elementia-S-A-B-de-C-V-Outlook-Revised-To-Stable-From-Negative-On-Stronger-Performance-BB-Rating-Affirmed-2692228>
  
US$ 225.00
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