Fears grow over debt pile of market favourite Cemex

12 Dec 2008

Mexican cement company Cemex (BB+) failed to lengthen maturities on $418m of commercial paper while its stock price tumbled this week, piling on fears that its debt refinancing plans will come unstuck in 2009 amid a global recession and the credit crunch.

Yesterday, the company’s share price tumbled 18.7% ...

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