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Published on 8/29/2023 in the Prospect News Emerging Markets Daily.

S&P turns Fresnillo view to negative

S&P said it changed its outlook for Fresnillo plc to negative from stable following a similar action on its parent Industrias Penoles SAB de CV, citing lower-than-expected EBITDA stemming from a higher cost structure.

The agency also affirmed its BBB ratings on Fresnillo and its debt.


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