| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers G > Headlines for Grupo KUO SAB de CV > News item |
S&P lifts Grupo KUO to stable
S&P said it revised the outlook on Grupo KUO, SAB de CV to stable from negative due to improved operating performance.
The agency also said it affirmed the company’s BB global scale and mxA national scale corporate credit ratings.
S&P also said it affirmed the BB global scale and mxA national scale issue-level rating on the company’s senior unsecured notes. The 3 recovery rating on the senior unsecured debt is unchanged, indicating 50% to 70% expected default recovery.
The outlook revision reflects a view that the company has improved its operating performance for the 12 months that ended March 31, 2016, mainly driven by increased sales volume and a better product mix, the agency said.
The strength of the U.S. dollar has favorably impacted KUO’s results, S&P said.
© 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.