Fitch Ratings Upgrades Cemex to Investment Grade
“Achieving investment grade is a milestone for Cemex,” said Fernando A. González, CEO of Cemex. “This rating is confirmation of both our strategy and our execution against it. By optimizing our cost of capital, it also serves as the foundation for increased financial flexibility going forward to address our capital allocation priorities of growth investments in key markets and shareholder return.”
Cemex’s strategic focus on its key markets was advanced further last week by the announcement of the agreement to divest its operations and assets in
About Cemex
Cemex is a global construction materials company that is building a better future through sustainable products and solutions. Cemex is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. Cemex is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the help of new technologies. Cemex offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience enabled by digital technologies. For more information, please visit: www.cemex.com
Except as the context otherwise may require, references in this press release to “Cemex,” ”we,” ”us,” and ”our,” refer to Cemex, S.A.B. de C.V. (NYSE: CX) and its consolidated subsidiaries. The information contained in this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements reflect, as of the date such forward-looking statements are made, unless otherwise indicated, Cemex’s expectations and projections about future events based on Cemex’s knowledge of present facts and circumstances, and assumptions about future events, as well as Cemex’s current plans based on such facts and circumstances. These forward-looking statements and information are necessarily subject to risks, uncertainties, and assumptions that could cause actual results to differ materially from Cemex’s expectations including but not limited to statements related to Cemex’s plans, objectives, and expectations (financial or otherwise), and those discussed in Cemex’s most recent annual report and detailed from time to time in Cemex’s other filings with the
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Analyst and Investor Relations -
Blake Haider
+1 (212) 317-6011
ir@cemex.com
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Fabián Orta
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Source: Cemex