Desarrolladora Homex, Mexico’s largest publicly-traded homebuilder by market value, tumbled to a four-year low in New York after Goldman Sachs Group Inc. and Credit Suisse Group AG recommended selling the stock.
Cemex SAB, the largest cement maker in the Americas, tumbled the most in a month after Credit Suisse AG and Bank of Nova Scotia analysts reduced their recommendations on the stock, citing sluggish U.S. construction.
Grupo Mexico SAB, the country’s biggest resources company by market value, expects to double the amount of shallow-water rigs it leases to Petroleos Mexicanos as the state-owned oil producer boosts output.
Cemex SAB debt tumbled, sending the yield on the benchmark bonds to a record high, as Standard & Poor’s said it may cut the rating on the largest cement maker in the Americas and a weaker peso dimmed the outlook for profit.
Empresas ICA SAB is beating regional peers in the bond market as investors bet the Mexican builder will dispel Moody’s Investors Service concerns on debt levels by increasing revenue from highway and prison projects.