TLALNEPANTLA, Mexico--(BUSINESS WIRE)--Mexichem, S.A.B. de C.V. (BMV:MEXCHEM*) (“the Company” or “Mexichem”) announced today Moody’s Investor Service has upgraded Mexichem’s senior unsecured ratings to Baa3 from Ba1. The outlook on the rating is stable.
In a report dated August 22, 2014, Moody’s cited factors including Mexichem’s liquidity, market position and vertical integration strategy as factors in the credit rating. Details of the Moody’s report are available on www.Moodys.com.
Following the recent change in rating by Moody’s, Mexichem now has an investment grade rating from Standard & Poor’s, Moody’s and Fitch. The Company is rated BBB- (Global Scale)/ mxAA/MXA-1+ (national scale) by Standard & Poor’s and BBB (Global Scale)/ AA+ (mex) (national scale) by Fitch.
Mexichem is a global specialty chemicals company, producing the raw materials for key products used in infrastructure, housing, drinking water and other vital industries. Our customers are spread across more than 50 countries and they rely on our efficient, market-leading production to meet their needs. Currently, the group focuses on the three key production chains: Chlorine-Vinyl, Fluorine and Integral Solutions. The Company has annual turnover of more than US$5 billion and has been listed on the Mexican Stock Exchange for more than 30 years.