S&P lifts Grupo Famsa view to stable

Standard & Poor’s said it revised the outlook on Grupo Famsa SAB de CV to stable from negative.

The agency also said it affirmed the B corporate credit and debt ratings on the company. The recovery rating of 3L on the debt is unchanged.

The outlook revision reflects the company’s improved revenue and profitability, which could result in consolidated EBITDA margins of more than 11% in 2015, S&P said.

The outlook revision also considers the company’s efforts to reduce its exposure to its dollar-denominated debt, which will continue strengthening its debt maturity profile and capital structure, the agency said.

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