Grupo Cementos de Chihuahua SAB de CV : Standard & Poor's upgrades GCC rating to B+, outlook positive
December 22, 2014 at 06:10 pm EST
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STANDARD AND POOR'S UPGRADES GCC RATING TO B+, OUTLOOK POSITIVE
Chihuahua, Chihuahua, December 19th, 2014 - Grupo Cementos de Chihuahua, S.A.B. de C.V. (BMV: GCC*) (the Company) informs that Standard and Poor's upgraded GCC's corporate credit and debt ratings to B+ with a positive outlook.
The upgrade follows S&P's reviewed estimates on GCC for 2014 and 2015, after the company's solid results during this year and their expectation that construction activity in the U.S. and Mexico will further strengthen as a result of higher GDP growth in both countries in 2015.
In S&P's opinion, GCC's overall operating and financial performance has consistently improved owing to strengthening market conditions, particularly in the U.S., and the company's prudent financial policy.
The positive outlook reflects an upgrade potential within the next 12 months if the company's free operating cash flow metrics further improve.
About GCC
GCC is a leading supplier of cement, aggregates, concrete and construction‐related services in Mexico and the United States. The Company has an annual cement production capacity of 4.4 million tons.
Founded in 1941, the Company's shares trade on the Mexican Stock Exchange under the ticker symbol
GCC SAB de CV, formerly known as Grupo Cementos de Chihuahua SAB de CV, is a Mexico-based company primarily engaged in the construction materials sector. The Company foocuses on the production and marketing of cement and other related building materials. The Companyâs product portfolio includes Portland grey cements, ready-mixed concrete, gypsum, additives and limestone aggregates, as well as such prefabricated products as walls, architectural concrete blocks and paving stones, among others. The Company also offers technical support and assistance for the installation of its prefabricated structures. The Company operates in Mexico and the United States, through such subsidiaries as GCC Comercial SA de CV, GCC Concreto SA de CV, GCC Rio Grande Inc, GCC Dacotah Inc, GCC Alliance Concrete Inc, Mid Continent Concrete Inc and Consolidated Ready Mix Inc.
GCC, S.A.B. DE C.V. 
