Fitch rates Cemex notes B+

Fitch Ratings said it assigned Cemex, SAB de CV's proposed note issuance due in 2018 a B+/RR3 rating.

Proceeds from the notes are expected to be used for general corporate purposes, including the repayment of debt.

The outlook is positive.

The ratings on Cemex, including its B issuer default rating, reflect the company's high leverage and the weak, near-term cash flow prospects for two of the company's three key markets, the United States and Spain, Fitch said.

The ratings also consider Cemex's ability to refinance its bank debt, its manageable near-term liquidity profile due to multiple financial undertakings and its ability to generate free cash flow, the agency said.

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