Moody's rates Almer Baa3.mx, MX-3, B1

Moody's de Mexico said it assigned long- and short-term Mexican national scale senior implied ratings of Baa3.mx and MX-3 to Almacenadora Mercader SA.

At the same time, Moody's assigned its B1/not prime global scale senior-implied ratings to Almer. The outlook is stable.

According to Moody's, the global local-currency senior-implied ratings and the Mexican national scale senior implied ratings of Baa3.mx / MX-3 ratings with a stable outlook incorporate Almer's good franchise, long track record of success and dominant market position as the largest company of its sector in terms of warehousing infrastructure.

In fact, Moody's said the company benefits from a leading market share of 30% in terms of fixed assets.

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