S&P Reinstates 'BBB-' Rating On Alpek's $650 Million Notes Due 2022 - S&P Global Ratings’ Credit Research

S&P Reinstates 'BBB-' Rating On Alpek's $650 Million Notes Due 2022

S&P Reinstates 'BBB-' Rating On Alpek's $650 Million Notes Due 2022 - S&P Global Ratings’ Credit Research
S&P Reinstates 'BBB-' Rating On Alpek's $650 Million Notes Due 2022
Published Jan 30, 2015
3 pages (955 words) — Published Jan 30, 2015
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Abstract:

MEXICO CITY (Standard&Poor's) Jan. 29, 2015—Standard&Poor's Ratings Services has corrected its ratings on Alpek S.A.B. de C.V. by reinstating its 'BBB-' rating on the company's $650 million senior unsecured notes due 2022. Earlier today on Jan. 29, 2015, we erroneously withdrew our ratings on these notes following the withdrawal of our issuer credit rating on Alpek's subsidiary, Grupo Petrotemex S.A. de C.V., which is the guarantor of the notes. RELATED CRITERIA AND RESEARCH Methodology And Assumptions: Liquidity Descriptors For Global Corporate Issuers, Dec. 16, 2014 Key Credit Factors For The Commodity Chemicals Industry, Dec. 31, 2013 Country Risk Assessment Methodology And Assumptions, Nov. 19, 2013 Corporate Methodology: Ratios And Adjustments, Nov. 19, 2013 Methodology: Industry Risk,

  
Brief Excerpt:

...MEXICO CITY (Standard & Poor's) Jan. 29, 2015--Standard & Poor's Ratings Services has corrected its ratings on Alpek S.A.B. de C.V. by reinstating its '###-' rating on the company's $650 million senior unsecured notes due 2022. Earlier today on Jan. 29, 2015, we erroneously withdrew our ratings on these notes following the withdrawal of our issuer credit rating on Alpek's subsidiary, Grupo Petrotemex S.A. de C.V., which is the guarantor of the notes. RELATED CRITERIA AND RESEARCH + Methodology And Assumptions: Liquidity Descriptors For Global Corporate Issuers, Dec. 16, 2014 + Key Credit Factors For The Commodity Chemicals Industry, Dec. 31, 2013 + Country Risk Assessment Methodology And Assumptions, Nov. 19, 2013 + Corporate Methodology: Ratios And Adjustments, Nov. 19, 2013 + Methodology: Industry Risk, Nov. 19, 2013 + Corporate Methodology, Nov. 19, 2013 + 2008 Corporate Criteria: Rating Each Issue, April 15, 2008 Complete ratings information is available to subscribers of RatingsDirect...

  
Report Type:

Ratings Action

Ticker
ALPEHA@MM
Issuer
Alpek S.A.B. de C.V.
GICS
Commodity Chemicals (15101010)
Sector
Global Issuers
Country
Mexico
Region
Latin America
Format:
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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.

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MLA:
S&P Global Ratings’ Credit Research. "S&P Reinstates 'BBB-' Rating On Alpek's $650 Million Notes Due 2022" Jan 30, 2015. Alacra Store. Nov 06, 2026. <http://www.alacrastore.com/s-and-p-credit-research/S-P-Reinstates-BBB-Rating-On-Alpek-s-650-Million-Notes-Due-2022-1381542>
  
APA:
S&P Global Ratings’ Credit Research. (). S&P Reinstates 'BBB-' Rating On Alpek's $650 Million Notes Due 2022 Jan 30, 2015. New York, NY: Alacra Store. Retrieved Nov 06, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/S-P-Reinstates-BBB-Rating-On-Alpek-s-650-Million-Notes-Due-2022-1381542>
  
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