Fitch rates Grupo Kuo notes BB

Fitch Ratings said it assigned a BB(exp) rating to Grupo Kuo, SAB de CV's proposed senior notes issuance of up to $250 million with maturity in 2022.

The agency said the ratings reflect Kuo's strong operating performance in recent years, its stable financial profile, its solid liquidity and its adequate debt maturity schedule.

According to Fitch, the company has maintained organic growth across business segments despite a challenging economic environment in conjunction with acquisitions to strengthen its business lines.

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