Fixed Income Analysis /
Mexico

GRUPO IDESA: Company might need to refinance 2020 bond before it matures; reiterate Sell

    Rafael Elias
    Rafael Elias

    Director, Latin America Credit

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    Tellimer Research
    1 May 2018
    Published byTellimer Research
    Grupo IDESA’s soft Q4 17 and 2017 results confirm our existing Sell view, especially since we expect the company to rely on its Braskem Idesa joint venture for a substantial proportion of its future EBITDA generation.