S&P Global Ratings revised outlook on Nemak to stable and affirmed at "BB+" (Local Currency LT) credit rating

June 19, 2017 - CBonds


S&P Global Ratings affirmed the "BB+" Local Currency LT credit rating of Nemak on June 15, 2017. At the same time the rating agency revised outlook to stable from positive.
Issuer: Nemak
Issuer profile:
Nemak S.A.B. de C.V. specializes in the production of aluminum powertrain components such as cylinder heads, engine blocks and transmission parts for light vehicles since it was founded in 1979. N... more
Outstanding issues:
1 issuesUSD500,000,000
1 issuesEUR500,000,000
Issuer rating:
Moody's Investors ServiceBa1/PositiveLT- foreign currency10/11/2016
S&P Global RatingsBB+/StableForeign Currency LT06/15/2017
S&P Global RatingsBB+/StableLocal Currency LT06/15/2017
Fitch RatingsBB+/PositiveLT Int. Scale (foreign curr.)05/30/2017
Fitch RatingsBB+/PositiveLT Int. Scale (local curr.)05/30/2017