Moody’s lifts Alsea

Moody's Investors Service said it upgraded the corporate family rating and senior unsecured rating of Alsea SAB de CV to Ba3 from B1.

At the same time, Moody's upgraded to Ba3 from B1 Food Service Project SA's senior unsecured notes irrevocably and unconditionally guaranteed by its parent company, Alsea.

The outlook is stable.

“The upgrade of Alsea's ratings reflects the company's improved operating performance aided by revenue growth in all the regions where it operates, margin improvement and continued investments in expansion, modernization, and innovation,” Moody’s said in a news release.

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