MEXICO CITY, Aug. 31, 2017 /PRNewswire/ -- Grupo Rotoplas, S.A.B. de C.V. (BMV: AGUA) ("Rotoplas" or the "Company"), the leading provider of individual and integrated water solutions in the Americas, announces that the rating agency Standard & Poor's (S&P) has upgraded its credit outlook to positive from stable, based on a more diversified portfolio of solutions and improved profitability.
S&P also ratified the national scale long-term credit rating of Rotoplas on 'mxAA-' and the Senior Notes (Certificados Bursátiles) with tickers AGUA 17X and AGUA 17-2X ratings on 'mxAA-' with a recovery grade of '3'.
This improvement in the credit outlook reflects the Company's financial strength, coupled with the diversification of its portfolio and the successful integration of the acquired companies within the last 16 months.
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This press release may include certain forward-looking statements relating to Grupo Rotoplas S.A.B. de C.V., it relies on considerations of the Grupo Rotoplas S.A.B. de C.V. management which are based on current and known information; however, the forward-looking statements could vary due to facts, circumstances and events beyond the control of Grupo Rotoplas, S.A.B. de C.V.
About the Company
Grupo Rotoplas S.A.B. de C.V. is one of the leading providers of individual and integrated water solutions for storing, carrying, and treating water in the Americas. With almost 40 years' experience in the industry and 21 plants throughout the Americas, Rotoplas has a presence in 14 countries and a portfolio that includes 18 product lines. Grupo Rotoplas has been listed on the Mexican Stock Exchange (BMV) under the ticker "AGUA" since December 2014.
SOURCE Grupo Rotoplas S.A.B. de C.V.