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Fitch gives BB+ to Guatemala's Cementos Progreso

Wednesday, October 23, 2013

Fitch Ratings gave Guatemalan cement company Cementos Progreso a BB+ rating.

The ratings agency gave the mark after the company announced its plans for a public offering, seeking some $300 million.

Cementos Progreso has an 84 percent market share in Guatemala.

Source (in Spanish): El Periódico