| Research Update: Grupo México, Americas Mining 'BBB-' Corporate ... Americas Mining Corp. has consummated its bankruptcy plan for Asarco LLC. We are removing our ratings on Gmexico and subsidiaries from CreditWatch and ... www.alacrastore.com/.../s-and-p-credit-research-Research_Up... |
"Gmexico subsidiary SCC has proposed the issuance of up to $1.5 billion in long-term, fixed-rate, senior unsecured notes, with proceeds to be used for financing capital expenditures and for general corporate purposes....The stable outlook on Gmexico and AMC reflects our expectation that, over the next few years, they will continue to report adequate financial metrics, while AMC's debt levels continue to decrease. On April 6, 2010, Standard&Poor's Ratings Services affirmed its 'BBB-' corporate credit ratings on Mexico-based..."
