“Achieving an investment-grade credit rating from S&P is a very important milestone for Cemex”, said Fernando A. González, CEO of Cemex. “While we had record results last year, this rating is recognition of successful execution against our medium-term strategy and consistent financial performance over several years.”
In 2023, Cemex’s EBITDA grew 25%, while Free Cash Flow after maintenance CAPEX more than doubled.
S&P also upgraded Cemex’s national scale issue-level rating (Mexico) scale to mxAA+ from mxAA.
Click here for free registration to World Cement
