S&P lifts Cemex (NYSE: CX) Mexico national rating to mxAAA, outlook stable

Rhea-AI Filing Summary

Cemex, S.A.B. de C.V. reports that S&P Global Ratings, through its Mexico national ratings unit, has upgraded Cemex’s long-term national scale credit rating to “mxAAA” from “mxAA+”. S&P also confirmed Cemex’s short-term national credit rating at “mxA-1+”.

In addition, S&P upgraded the national scale debt ratings on Cemex’s long-term notes with ticker symbols CEMEX 23L and CEMEX 23-2L to “mxAAA” from “mxAA+”. The rating outlook is described as stable, indicating no immediate expected change in these ratings based on current information disclosed.

Positive

• S&P upgraded Cemex’s long-term Mexico national scale credit rating to “mxAAA” from “mxAA+”, with a stable outlook.

Negative

• None.

Insights

Credit markets analyst

S&P lifts Cemex to mxAAA on Mexico scale with stable outlook.

S&P Global Ratings’ Mexico national scale upgrade of Cemex to “mxAAA” from “mxAA+” signals the highest credit quality on that local scale. The confirmation of the short-term rating at “mxA-1+” maintains the strongest short-term designation in S&P’s Mexican national framework.

S&P also upgraded Cemex’s long-term local notes CEMEX 23L and CEMEX 23-2L to “mxAAA”, aligning the instruments with the issuer’s new national scale level. The stable outlook suggests S&P does not anticipate near-term rating changes based on the information referenced, though any future adjustments would depend on subsequent credit developments disclosed by Cemex or S&P.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 or 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of September 2025

Commission File Number: 001-14946

Cemex, S.A.B. de C.V.

(Translation of Registrant’s name into English)

Avenida Ricardo Margáin Zozaya #325, Colonia Valle del Campestre

San Pedro Garza García, Nuevo León, 66265 México

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒   Form 40-F  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Contents

On September 3, 2025, Cemex, S.A.B. de C.V. (NYSE:CX) (“Cemex”) informed the Mexican Stock Exchange (Bolsa Mexicana de Valores) that S&P Global Ratings, through its local agency in Mexico, S&P National Ratings (“S&P”), has upgraded Cemex’s long-term national scale credit rating to ‘mxAAA’ from ‘mxAA+’ following an update to its methodology for rating companies on the Mexican national scale, and confirmed Cemex’s short-term national credit rating of “mxA-1+”. Additionally, S&P upgraded the debt ratings of Cemex’s long-term notes (certificados bursástiles de largo plazo) with ticker symbols CEMEX 23L and CEMEX 23-2L to ‘mxAAA’ from ‘mxAA+’. The rating outlook is stable.

The information furnished with this Form 6-K shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, Cemex, S.A.B. de C.V. has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

						Cemex, S.A.B. de C.V.
						(Registrant)
Date: September 4, 2025				By:		/s/ Jaime Martínez Merla
						Name: Jaime Martínez Merla
						Title: Chief Comptroller

FAQ

What rating change did Cemex (CX) disclose in this 6-K?

Cemex reported that S&P Global Ratings’ Mexico national ratings unit upgraded its long-term national scale credit rating to “mxAAA” from “mxAA+”.

How did S&P rate Cemex’s short-term national credit in Mexico?

S&P confirmed Cemex’s short-term national credit rating at “mxA-1+”, maintaining the same short-term level.

Which Cemex debt instruments were upgraded by S&P in Mexico?

S&P upgraded the national scale debt ratings of Cemex’s long-term notes with ticker symbols CEMEX 23L and CEMEX 23-2L to “mxAAA” from “mxAA+”.

What outlook did S&P assign to Cemex’s updated national ratings?

The updated ratings carry a stable outlook, indicating S&P does not currently anticipate a near-term change based on the disclosed information.

Why did S&P change Cemex’s national scale rating methodology?

The filing states that the upgrade followed an update to S&P’s methodology for rating companies on the Mexican national scale; it does not provide additional methodological detail.

Does this Cemex 6-K state that the information is filed or furnished?

The 6-K specifies that the information is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934.