Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers G > Headlines for Grupo KUO SAB de CV > News item |
Fitch applies BB to Grupo KUO notes
Fitch Ratings said it assigned a BB(EXP) rating to Grupo KUO, SAB de CV's proposed $350 million senior unsecured notes issuance due in 2027.
Proceeds will be used for refinancing purposes, including its $325 million of senior unsecured notes maturing in 2022.
Fitch said the ratings reflect Grupo KUO's diversified business portfolio, leading market positions across the industries where it participates, and stable financial profile.
The ratings also incorporate the diversification coming from its exports and joint ventures with international industry leaders.
The company's strategy is oriented toward developing high value-added products with attractive returns, the agency added.
© 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.