Moody's reviews Soriana

Moody's Investors Service said it placed Organización Soriana, SAB de CV's global and Mexican national scale Ba1 and A1.mx long term senior unsecured ratings on review for downgrade.

The agency assigned corporate family ratings of Ba1 and A1.mx to Soriana, which also were placed on review for downgrade. The company's MX-2 short term rating was affirmed.

The review was prompted by the deterioration in Soriana's operating performance and liquidity profile in recent months as evidenced by the weak fourth-quarter results and marked increase in short-term certificados bursátiles levels, according to the agency.

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