Moody’s Rates Cox Mexico’s US$750 Million Notes Ba2

Moody’s Ratings assigned a Ba2 rating to Cox Asset Mexico’s proposed US$750 million subordinated perpetual notes issuance while affirming the company’s Ba1 Corporate Family Rating (CFR) and senior secured rating with a stable outlook. In other news, US ethanol blending in gasoline surpassed 11% for a second straight month in June, raising the 12-month average to a record 10.58%, according to the US Renewable Fuels Association (RFA). 

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Moody’s Assigns Ba2 to Cox Mexico’s US$750 Million Notes

Moody’s Ratings has assigned a Ba2 rating to Cox Asset Mexico’s proposed US$750 million subordinated perpetual notes issuance while affirming the company’s Ba1 Corporate Family Rating (CFR) and senior secured rating with a stable outlook.

PESMA Boosts Industrial Growth With New 60 MVA Substation

The Polígono Empresarial San Miguel de Allende (PESMA) is strengthening its position as an industrial hub in Guanajuato with the launch of a new 60 MVA electrical substation, backed by an investment of nearly US$50 million. The infrastructure is designed to support companies with high electricity requirements, including advanced manufacturing, digital infrastructure, data centers, artificial intelligence and automation.

Electricity: The New Raw Material for Economic Growth

Jesus Carmona, President, Carmona Operating Group LLC, considers that electricity has evolved from a downstream utility into the foundational raw material for modern economic growth. Driven by rapid electrification, expanding digital infrastructure, and artificial intelligence, global power demand is accelerating beyond traditional grid capacity. 

US Ethanol Blend Rates Hit Record for Second Consecutive Month

The average ethanol content in gasoline sold across the United States exceeded 11% for a second consecutive month in June, pushing the 12-month average blend rate to a record 10.58%, notes the US Renewable Fuels Association (RFA). This marks the highest sustained blending level recorded in the history of the domestic fuel program