Senior Credit Analyst - Emerging Markets, EM Spreads

Leandro Gubler

EM Spreads is an independent credit research service specializing in Emerging Markets, primarily focusing on Latin American issuers.

Senior Credit Analyst - Emerging Markets

Cemex 2Q24: Solid Performance in Mexico Offsets Softness in the US

News: Cemex to Divest Its Dominican Republic Operations for $950 Million

Cemex 3Q24: Long-Term Outlook Clouded by Near-Term Risks

EM Spreads

Credit

<ul>
<li>We are initiating coverage on Cemex with a preference for CX 5.20% 2030 bonds. </li>
<li>Cemex’s business position, favorable market trends within its key markets, commitment to further strengthening its credit profile, and credit-positive strategic priorities support our optimistic view on the name.</li>
<li>For EM investors, we prefer CX 5.20% 2030, considering these bonds are trading wide to the Mexican Sovereign, the EM BBB Index, and the LatAm BBB Index.</li>
</ul>


We are initiating coverage on Cemex with a preference for CX 5.20% 2030 bonds. 
Cemex’s business position, favorable market trends within its key markets, commitment to further strengthening its credit profile, and credit-positive strategic priorities support our optimistic view on the name.
For EM investors, we prefer CX 5.20% 2030, considering these bonds are trading wide to the Mexican Sovereign, the EM BBB Index, and the LatAm BBB Index.


Cemex: The Promising Credit Story of a Regional Leader in the Cement Industry

Cemex SAB de CV ADR

Cemex: The Promising Credit Story of a Regional Leader in the Cement Industry