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Fitch rates CMQ bonds B-
Fitch Ratings said it assigned an international foreign currency rating of B- to the $150 million bond issued by Argentine Beverages Financial Trust, whose underlying asset is a loan granted to Cerveceria y Malteria Quilmes SA (CMQ).
Fitch said this rating reflects CMQ's dominant position in the Argentine beer industry. It also reflects the company's strong financial profile and diversification into soft drinks, juices and water.
The rating further factors in CMQ's strong shareholders: the Bemberg family, via Beverage Associates Corp. and Companhia de Bebidas das Americas, according to Fitch.
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