Fitch gives Mexichem BBB-

Fitch Ratings said it has assigned the following ratings to Mexichem, SAB de CV: foreign currency issuer default rating BBB- and local currency issuer default rating BBB-.

The outlook is stable.

Fitch noted that Mexichem's ratings are supported by the company's business profile as a leading vertically integrated chemical and petrochemical company in Mexico, with important market shares and presence in Latin America, which in turn translates into geographic revenue diversification.

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