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Fitch Affirms Cementos Progreso's IDRs at 'BB+'; Outlook Stable

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed Cementos Progreso, S.A.'s (Cempro) Issuer Default Ratings (IDRs) at 'BB+'. The Rating Outlook is Stable. A complete list of rating actions follows at the end of this press release. Cempro's 'BB+' ratings reflect the company's leading position in Guatemala's cement industry. Its solid market position is viewed as sustainable considering the country's limited infrastructure and challenging logistics, which limit imports and significantly increa

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