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Moody's says Geismar 3 delay is credit negative

Moody's Investors Service ("Moody's") says that Methanex Corporation's ("Methanex", Ba1 stable) announcement that commercial production tied to its new methanol plant, Geismar 3 (G3), would be delayed possibly until the end of Q3 2024 is credit negative. The postponement will keep financial leverage...

Methanex Corporation: Geismar 3 delay will weigh on free cash flow, ke...

The G3 setback limits near-term flexibility to navigate other operational mishaps, unfavorable regional developments or pricing pressures.

Methanex Corporation: Update to credit analysis

Our credit view of this issuer reflects its status as a global leader for methanol production and its geographic diversification, constrained by its single commodity exposure.

Methanex Corporation: Update to credit analysis

Our credit view of this issuer reflects its status as a global leader for methanol production and its geographic diversification, against its commodity concentration and volatile cash flow.

Moody's announces completion of a periodic review of ratings of Methan...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Methanex Corporation. Global Credit Research- 03 Sep 2021. Toronto, September 03, 2021-- Moody's Investors Service has completed a periodic review of the ratings of Methanex Corporation and other ratings that are associated with the same analytical unit.

Methanex Corporation: Update following change in outlook to stable

Our credit view of this issuer reflects its geographic diversification, against its high leverage.

Moody's changes Methanex's outlook to stable; affirms Ba1

Rating Action: Moody's changes Methanex's outlook to stable; affirms Ba1. Global Credit Research- 12 Aug 2021. Toronto, August 12, 2021-- Moody's Investors Service affirmed Methanex Corporation's Ba1 corporate family rating, Ba1-PD probability of default rating, and Ba1 senior unsecured notes rating.

Methanex Corporation: Update to Credit Analysis

Our credit view of Methanex reflects its strong market share and geographic diversification, against its commodity concentration and high leverage.

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