...+ Mexico-based auto components manufacturer Nemak maintains healthy key credit metrics, with debt to EBITDA of about 2.0x and funds from operations (FFO) to debt of about 35%, mainly due to continued development of platform programs, operating efficiencies, and financial discipline that maintains stable debt levels. + We're affirming our '##+' global scale and 'mxAA-' national scale corporate credit ratings on Nemak. + At the same time, we're affirming our '##+' issue-level rating on the company's senior unsecured notes. + The stable outlook reflects our expectation that the company will post key credit metrics in line with its rating category that include debt to EBITDA in the 1.5x-2.0x range and FFO to debt at the 35%-45% range for the next two years. We consider that the company will continue obtaining new contracts and developing the current ones, as well as implementing operating efficiencies....
