Research Update: Nemak S.A.B. de C.V. Outlook Revised To Positive From Stable On Improving Credit Metrics; 'BB+' Ratings Affirmed - S&P Global Ratings’ Credit Research

Research Update: Nemak S.A.B. de C.V. Outlook Revised To Positive From Stable On Improving Credit Metrics; 'BB+' Ratings Affirmed

Research Update: Nemak S.A.B. de C.V. Outlook Revised To Positive From Stable On Improving Credit Metrics; 'BB+' Ratings Affirmed - S&P Global Ratings’ Credit Research
Research Update: Nemak S.A.B. de C.V. Outlook Revised To Positive From Stable On Improving Credit Metrics; 'BB+' Ratings Affirmed
Published Jun 29, 2016
9 pages (3284 words) — Published Jun 29, 2016
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Nemak has improved its operating performance above our expectations, benefitting from favorable market conditions in North America over the past couple of years that resulted in improved margins. We are revising our outlook on Nemak to positive from stable and affirming our 'BB+' global scale and 'mxAA-' national scale ratings on Nemak. The positive outlook reflects our expectation that the company will continue to improve its key credit metrics in the next two years, including debt to EBITDA below 2.0x and FFO to debt in the 50% to 60% range due to the positive prospects for the sector and the expansion of Nemak's operations. On June 29, 2016, S&P Global Ratings affirmed its 'BB+' global scale corporate credit and issue-level

  
Brief Excerpt:

...Nemak has improved its operating performance above our expectations, benefitting from favorable market conditions in North America over the past couple of years that resulted in improved margins....

  
Report Type:

Research Update

Ticker
1235Z@MM
Issuer
Nemak S.A.B. de C.V.
GICS
Auto Parts & Equipment (25101010)
Sector
Global Issuers, Structured Finance
Country
Mexico
Region
Latin America
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Nemak S.A.B. de C.V. Outlook Revised To Positive From Stable On Improving Credit Metrics; 'BB+' Ratings Affirmed" Jun 29, 2016. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Nemak-S-A-B-de-C-V-Outlook-Revised-To-Positive-From-Stable-On-Improving-Credit-Metrics-BB-Ratings-Affirmed-1666573>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Nemak S.A.B. de C.V. Outlook Revised To Positive From Stable On Improving Credit Metrics; 'BB+' Ratings Affirmed Jun 29, 2016. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Nemak-S-A-B-de-C-V-Outlook-Revised-To-Positive-From-Stable-On-Improving-Credit-Metrics-BB-Ratings-Affirmed-1666573>
  
US$ 225.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.