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S&P puts Grupo Mexico on watch
Standard & Poor's said it placed the BBB- long-term corporate credit ratings on Grupo Mexico SA de CV and mining subsidiaries Americas Mining Corp., Southern Copper Corp. and Minera Mexico SA de CV on CreditWatch with negative implications.
"The CreditWatch placement reflects the possible negative effect on the companies' financial profile, including a potential significant near-term effect on liquidity, as a result of a federal court decision in the U.S.," S&P analyst Juan Pablo Becerra said in a statement.
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