Fitch revises KUO view to stable

Fitch Ratings said it revised Grupo KUO, SAB de CV’s outlook to stable from negative and affirmed its issuer and senior unsecured notes ratings at BB. The agency also affirmed KUO’s national scale long-term rating at A(mex).

The stable outlook reflects KUO's stronger-than-expected operating results and net leverage when compared with Fitch's previous projections after the disruptions created by the Covid-19 pandemic and the fire that affected its pork facility in May 2020,” Fitch said in a press release.

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