Fitch rates Femsa Cerveza AAA(mex)

Fitch Ratings said it assigned an AAA(mex) national scale rating to Femsa Cerveza SA de CV and affirmed the national scale rating and peso-denominated certificado bursatiles issues of Femsa SA de CV at AAA(mex).

The outlook is stable.

The agency said the ratings are based on Femsa's solid business profile as one of the largest beverage companies in Latin America, its strong cash generation and its sound financial position. The ratings are further supported by the low amount of debt at the Femsa holding company level relative to the debt burden of Coca-Cola Femsa and Femsa Cerveza.

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