S&P affirms Grupo Unicomer

S&P said it affirmed the BB- global scale corporate credit rating on Grupo Unicomer Co. Ltd. and affirmed the BB- issue-level rating on the company.

The outlook remains stable.

Despite somewhat weaker than expected profitability and credit metrics during the first nine months of 2017, the agency said it continues to expect that Unicomer will maintain its operating and financial performance in line with the current rating, posting gradually improving EBITDA margins and debt reductions in the coming quarters.

© 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.