Moody's cuts three Mexican non-financials

Moody's Investors Service said it downgraded three non-financial companies operating in Mexico and changed their outlooks to stable from negative.

“The rating actions follow the downgrade of the government of Mexico's ratings to Baa2 from Baa1 and the change of outlook to stable from negative, on July 8, 2022,” the agency said in a press release.

Moody’s lowered America Movil, SAB de CV’s senior unsecured rating to Baa1 from A3, Arca Continental, SAB de CV’s issuer rating to A3 from A2 and Coca-Cola Femsa, SAB de CV’s senior unsecured rating to A3 from A2.

© 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.