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Prospect News home > News index > List of issuers M > Headlines for Mexichem, SAB de CV > News item |
S&P: No change to Mexichem notes
Standard & Poor's said its BBB- issue rating on Mexichem SAB de CV remains unchanged following the $150 million add-on to its existing $1 billion senior unsecured notes.
The agency said it does not expect the add-on to increase Mexichem's gross debt because it will use the proceeds from the issuance to refinance its outstanding debt, to extend its debt maturities and to reduce interest expenses with lower-interest debt.
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