S&P revises Alfa, units views to negative

S&P said it revised the outlooks for Alfa SAB de CV and its subsidiaries Sigma Alimentos SA de CV and Alpek SAB de CV to negative from stable.

“The negative outlook on Alfa reflects the risks stemming from the adverse economic and business conditions across the company's markets, including Mexico and the U.S. In addition, low oil prices and high exchange rate volatility could undermine the company's profitability and further weaken its leverage metrics,” S&P said in a press release.

The agency affirmed its BBB issuer credit and BBB- issue-level ratings on Alfa. S&P also affirmed its ratings on Sigma, including the BBB global scale and mxAA+ national scale issuer credit and debt ratings and affirmed the BBB- issuer credit and issue-level ratings on Alpek.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.