Fitch affirms Kuo ratings

Fitch Ratings said it affirmed Grupo Kuo, SAB de CV's ratings, including the long-term foreign currency issuer default rating at BB; the long-term local currency IDR at BB; the long-term national scale rating at A(mex); the $250 million senior notes due 2017 at BB; and the Ps. 700 million Certificados Bursatiles due in 2015 at A(mex).

The outlook is stable

Fitch said the ratings affirmation reflects Kuo's strong operating performance in recent years, stable financial profile, solid liquidity and adequate debt maturity schedule. The company has maintained organic growth across business segments despite a challenging economic environment in conjunction with acquisitions to strengthen its business lines.

© 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.