- The Monterrey-based company continues its growth trend thanks to the dynamism of the U.S. market.
- In ESG factors, the rating agency reaffirmed its Superior label.
Monterrey, N.L., July 15, 2024. — Xignux received a local AAA rating from HR Ratings, based on the strength of its historical and projected metrics, as well as its low debt levels.
The rating agency expects Xignux’s results to continue strengthening due to favorable trends in its U.S. operations, particularly through its subsidiaries Viakable (cables) and Prolec (transformers), supported by growing infrastructure investments in the U.S.
“The rating agency expects Xignux’s results to continue strengthening due to favorable trends in its U.S. operations, particularly through its subsidiaries Viakable (cables) and Prolec (transformers), driven by increased infrastructure investment in the country,” said Ángel De Soto, Chief Financial and Administrative Officer at Xignux.
HR Ratings forecasted continued growth in Xignux’s sales, mainly supported by positive trends in the U.S. market for its core businesses.
“We are even more committed to doubling down on our efforts and working hard to continue growing as a 100% Mexican company and a benchmark in the sectors where we compete across the Americas,” stated De Soto.
HR Ratings reaffirmed its superior rating in ESG factors, recognizing the company’s high level of internal regulations, the quality of its management team, Board of Directors, and supporting committees. The rating maintains a positive adjustment in this sector thanks to its implemented policies and its environmental focus in operations.
About Xignux
Xignux is a leader in the energy and food industries. Based in Monterrey, Mexico, we manage a variety of companies that energize life and society to contribute to a better world, thanks to the hard work and talent of more than 31,000 employees in Mexico, the United States, and Brazil.
In the energy industry, Viakable offers electrical conductors, and Prolec specializes in energy transformation and delivery. In the food sector, Qualtia provides a wide portfolio of cheeses, cold cuts, meats, and food service, while BYDSA produces savory snacks. Through its Social Responsibility model and the Xignux Foundation, the company also contributes to society’s sustainable development with active participation in four priority areas: energy, nutrition, education, and community development.
Xignux was founded 68 years ago and the solutions from its companies reach over 35 countries.
Learn more about us at https://www.xignux.com/.