Fitch affirms CCM

Fitch Ratings said it affirmed the following ratings for Controladora Comercial Mexicana, SAB de CV: foreign and local currency issuer default rating at BBB-, $200 million senior notes due 2015 at BBB- and Ps. 3 billion senior notes due 2027 at BBB-.

In addition, Fitch said it has affirmed CCM's national-scale ratings at F1+(mex) and AA(mex).

The outlook is stable.

According to the agency, CCM's ratings are based on the company's competitive position in the Mexican food retail market, its multiple-format strategy, ownership of the majority of its selling space and solid financial profile.

© 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.