US EditionPrepares Cemex Issue of Perpetual Notes by 1,000 Mdd; Assigns Fitch Speculative Grade of “BB”
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Read time approx.: 1 minutes, 52 secondsThe proposed offer has a two-tier rating below Cemex's credit rating, with an investment grade, reflecting “a greater severity of losses” as well as “a greater risk of default” in relation to the longer-term obligations Fitch Ratings assigned on Monday a “BB” rating in speculative range to an issue of perpetual subordinate notes of reference of the cement company of Mexican origin Cemex, company with the d…
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