Bond tap plans turn S&P negative on Cydsa

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Bond tap plans turn S&P negative on Cydsa

Cydsa, Mexico, chemicals, salt, LatAm
salt on black wood | /sommai - stock.adobe.com

Mexican chemicals company Cydsa has scheduled a roadshow as it looks to reopen a bond that investors say is suffering an illiquidity premium. But the expected increase in debt led Standard & Poor’s to assign a negative outlook to the company’s rating.

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