Fitch Ratings upgrades Cementos Argos’ national rating to AAA(col)

According to Fitch, the rating upgrade reflects a robust capital structure, a strong business position in key markets, and ample liquidity following the receipt of funds from the sale of its US operations.

The rating agency’s action confirms the exceptional momentum the company is experiencing after achieving key objectives in its efforts to generate value for its stakeholders. Cementos Argos’ capital structure, strengthened by the transaction with Summit Materials and subsequently Quikrete, enabled a reduction in gross debt of 4.4 trillion pesos since December 2023, reaching net leverage of -5.1x EBITDA as of December 2025.

The rating is also supported by Cementos Argos’ market leadership position in its core operations, while increasing profitability and achieving a 25% EBITDA margin in 2025. These conditions strengthen the company’s financial position, enabling the effective pursuit of its strategic growth objectives in the US and Venezuela.

“This rating recognises the strengthening of our financial structure and supports our long-term vision. We will remain focused on creating economic value for our shareholders, with disciplined capital allocation and an optimistic outlook for the future of the company,” said Juan Esteban Calle, President of Cementos Argos.

Read the article online at: https://www.worldcement.com/the-americas/03032026/fitch-ratings-upgrades-cementos-argos-national-rating-to-aaacol/