S&P lowers Empresas national rating to mxBBB-

Standard & Poor’s said it lowered the Mexican national scale rating on Empresas ICA, SAB de CV to mxBBB- from mxBBB following the agency’s revised national scale criteria and mapping guidelines.

The outlook remains negative.

The downgrades solely reflect implementation of new criteria and don’t reflect any change in the assessment of the company’s fundamental credit quality, S&P said.

The company’s B+ issuer rating and B senior unsecured rating are not affected, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.