Kaltex slashed amid pressing liquidity concerns

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Kaltex slashed amid pressing liquidity concerns

Mexico, sombrero, hat, textiles, Kaltex, fabric, LatAm
A traditional Mexican Sombrero and serape blanket on a yellow background with copy space | Michael Flippo - stock.adobe.com

Soft demand and higher costs continue to hit Grupo Kaltex, leading Standard & Poor’s to downgrade the Mexican textiles company to B- last week and maintain the bonds on negative outlook.

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