CHICAGO--(BUSINESS WIRE)--Fitch Ratings has upgraded the Foreign and Local currency Issuer Default Ratings (IDRs) of Trinidad Cement Limited (TCL) to 'B-' from 'D' and assigned an expected rating to the company's proposed senior secured term loan of 'B-(EXP)/RR4'. The Rating Outlook is Stable. A full list of rating actions follows at the end of this release. The upgrade reflects the restructuring steps TCL has taken under the increased ownership, support and strategic guidance from CEMEX S.A.B.
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