S&P affirms Gruma

S&P said it affirmed its BBB global scale corporate credit rating on Gruma SAB de CV and also affirmed the BBB issue-level rating on Gruma's debt.

The outlook remains stable.

“The affirmation reflects that although Gruma posted somewhat weaker-than-expected credit metrics during the last half of 2017, we continue to expect the company's operating and financial performance to remain in line with the current rating,” S&P said in a news release.

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