Fomento Economico Mexicano SAB de CV (FMX.N)
25 May 2017
Latest Key Developments (Source: Significant Developments)
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
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
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.