S&P: Grupo Bimbo notes BBB

Standard & Poor’s said it assigned a global scale BBB rating to Grupo Bimbo SAB de CV’s proposed senior unsecured notes for $800 million due 2024 and for $500 million due 2044.

The company plans to use the proceeds to repay existing debt, S&P said.

The ratings reflect the company’s satisfactory business risk profile and intermediate financial risk profile, the agency said.

© 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.