Moody’s changes Alpek view

Moody's Investors Service said it affirmed Alpek, SAB de CV's Baa3 senior unsecured ratings and changed the outlook to positive from stable based on the company's solid EBITDA generation and strong capital structure.

Moody’s said the company’s successful business performance is due to favorable market conditions of volumes and prices; diligent cost management, and the fact that Alpek's products are transformed into components ultimately used primarily in the food & beverage and consumer goods industries, which tend to have low business cyclicality.

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