Fitch affirms Grupo KUO

Fitch Ratings said it affirmed Grupo KUO, SAB de CV's long-term foreign and local currency issuer default ratings at BB.

In addition, Fitch affirmed KUO's national scale long-term rating at A(mex).

The outlook is stable.

“The ratings reflect KUO's diversified business portfolio, leading market positions across the industries where it participates, and its joint ventures (JVs) with recognized companies as Repsol Quimica SA and Grupo Herdez, SAB de CV,” the agency said in a news release.

© 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.