Empresas fka ICA

[chmcnfunds]

Low S & P rating to ICA

Monterrey, Mexico (March 19, 2015) .-

Standard and Poor's downgraded the credit ratings of Empresas ICA after the company presented weaker credit metrics compared to projected due to a slower pace of deleveraging. In a statement, S & P said Note reduced credit risk in global long-term "B" from "B +" and also lowered the issue rating to "B-" from "B". The ratings have a stable outlook, reflecting the expectation of a continued recovery in the execution of contracted work of ICA and its operating performance.

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ICA