Nemak SAB de CV (NEMAKA.MX)
Latest Key Developments (Source: Significant Developments)
(The following statement was released by the rating agency) CHICAGO, November 22 (Fitch) Fitch Ratings has affirmed Nemak, S.A.B. de C.V.'s (Nemak) Long-term Issuer Default Ratings (IDRs) at 'BB+' and its long-term national scale rating at 'AA-(mex)'. The Rating Outlook is Positive. A complete list of rating actions follows at the end of this press release. Nemak's increasing product and geographic diversification, improving financial structure and implicit parent support from Alfa, S.A.B. de C.