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S&P ups Empresas ICA
Standard & Poor's said it revised its long-term corporate credit rating on Empresas ICA SA de CV to BB- from B.
The ratings were removed from CreditWatch positive, where they were placed on April 7, the agency said.
The outlook is stable.
S&P said that the ratings assigned to the company consider the company's position as the largest engineering, construction and procurement concern in Mexico, adding that the ratings also benefit from the group's investments in concessions, particularly airports.
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