Fitch upgrades Cemex to 'BB+'; outlook stable
Fitch Ratings has upgraded the foreign and local currency Issuer Default Ratings (IDRs) of CEMEX, S.A.B. de C.V. (CEMEX) to 'BB+' from 'BB', its senior unsecured notes to 'BB+' from 'BB', and its subordinated hybrid issuance to 'BB-' from 'B+'.