Fitch gives Becle notes BBB+

Fitch Ratings said it gave a BBB+ rating to Becle, SAB de CV's planned up to $800 million unsecured notes issuance with a maturity of up to 10 years.

Fitch’s foreign-currency and local-currency issuer default ratings for Becle is BBB+.

The proceeds will be used to repay in full short-term banks loans, refinance the 2025 senior notes and for general corporate purposes.

The outlook is stable.

© 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.