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Fomento Economico Mexicano SAB de CV (FMX.N)

FMX.N on New York Stock Exchange

25 May 2017
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$-0.23 (-0.24%)
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Latest Key Developments (Source: Significant Developments)

Fomento Economico Mexicano SAB de CV successfully places bonds for 1 bln pesos
Friday, 18 Mar 2016 03:30pm EDT 

Fomento Economico Mexicano SAB de CV:Successfully placed bonds in euros on the international market worth 1 billion Mexican pesos for seven years and spread of 155 basis points with reference to mid-swap, reaching a bond yield of 1.824 pct.Standard & Poor's awarded the issue with A- rating.Fitch Ratings awarded the issue with A rating.To use obtained funds for general corporate purposes and to improve the financing costs for the company.  Full Article

S&P upgrades global credit rating on Fomento Economico Mexicano
Thursday, 11 Jun 2015 09:11am EDT 

Fomento Economico Mexicano SAB de CV:Says Standard & Poor's has upgraded its global credit rating on company to A- from BBB+.S&P has affirmed its national long-term and short-term credit ratings at mxAAA and mxA-1+, respectively with stable outlook.  Full Article

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Femsa first-quarter profit rises, but electricity costs took a bite

MEXICO CITY Mexican bottler and retailer Fomento Economico Mexicano on Friday said its first-quarter net profit rose 9.7 percent year-on-year, below market expectations as a spike in electricity prices ate into a surge in sales.