Moody’s revises Bimbo to stable

Moody's de Mexico said it changed Grupo Bimbo, SAB de CV's outlook to stable from negative.

At the same time, the agency affirmed Bimbo's Baa2 issuer rating as well as its Baa2 and Aa1.mx senior unsecured ratings.

Moody’s said the stable outlook reflects its expectation that Bimbo will maintain strong credit metrics, in line with its rating category, and that it will continue to post solid profitability.

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