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Fitch Affirms Methanex Corp. at 'BBB-'; Outlook Stable (Fitch Inc)

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(Source: Fitch Inc) 04 Nov 2015 4:20 PM GMT/UTC Fitch Ratings-Chicago-04 November 2015: Fitch Ratings has affirmed Methanex Corporation's (Methanex) Long-term Issuer Default Rating (IDR), revolving credit facility and senior unsecured notes ratings at 'BBB-'. The Rating Outlook for Methanex is Stable. KEY RATING DRIVERS The rating recommendation reflects Methanex's position as the largest global supplier of methanol, global distribution network, relatively low cost production, and moderately levered balance sheet. Rating limitations include the company's single product focus, output constraints facing multiple facilities, structural headwinds from increased Chinese production, U.S. capacity...

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