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Standard & Poor’s Affirms Its Credit Ratings On Fomento Economico Mexicano SAB de CV


Tuesday, 24 Sep 2013 06:16pm EDT 

Fomento Economico Mexicano SAB de CV announced that Standard & Poor’s has affirmed its long-term credit rating on the Company at mxAAA, as well as its short-term credit rating at mxA-1+, both on the national scale -CaVal-. The rating agency has also affirmed its long-term credit rating on the Company on the global scale at BBB+. The outlook is stable, which reflects the agency’s expectation that the Company will maintain its strong market position and profitability while using its own cash flow generation and cash position to fund its growth plan, keeping stable its credit metrics. 

Company Quote

92.02
0.63 +0.69%
23 Oct 2014