S&P lifts Cementos Pacasmayo view to positive

Standard & Poor’s said it revised the outlook on Cementos Pacasmayo SAA to positive from stable.

The agency also said it affirmed the company’s BB+ corporate credit and issue-level ratings.

The outlook revision reflects an expectation that Cementos Pacasmayo will continue to post solid operating and financial results in the next 12- to18-months, S&P said.

The agency said it expects the company to post mid-single digit revenue growth thanks to favorable industry fundamentals that will boost cement-volume demand.

The company also is expected to maintain the conservative business strategy and prudent financial policy, S&P said.

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