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S&P affirms Alpek and Petrotemex ratings
Standard & Poor's said it affirmed its BBB- global scale rating on Alpek SAB de CV and affirmed its BBB- global scale and mxAA national scale ratings on Grupo Petrotemex SA de CV (Petrotemex).
The ratings affirmation follows S&P's standard annual review of the company.
The outlook is stable.
S&P said the ratings on Alpek and its wholly owned subsidiary, Petrotemex, reflect S&P's assessment of the companies' "fair" business risk profiles and "intermediate" financial risk profiles.
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