Grupo Gigante, S.A. de C.V. http://www.alacrastore.com/company-snapshot/Grupo_Gigante_S_A_de_C_V-1029900 Wednesday, October 08, 2008 5:14:59 AM 1029900 Grupo Gigante, S.A. de C.V. en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/spcred/634454spcred/634454normThe latest News from S&P3/7/2008 1:39:15 PMNews100global634454MexicoEmerging MarketsLatin AmericaGlobal IssuersCorporationsRetailNewsMEXICO CITY (Standard&Poor's) March 7, 2008--Standard&Poor's Ratings Services said today that it withdrew its ratings on Grupo Gigante S. A. B. de C.V. (Gigante) at the company's request, including the 'BB' corporate credit rating and the 'BB' rating on the company's $260 million 8.75% notes due 2016. "This action follows Gigante's repurchase of all of its outstanding senior notes," said Standard&Poor's credit analyst Juan Pablo Becerra. In December 2007, Gigante reached an agreement with Organización Soriana S.A.B. de C.V. (NR) to acquire the operation of 198 stores in Mexico and the U.S. Currently the company is debt free and in the process of analyzing different strategic alternatives.MEX400487Grupo Gigante, S. A. B. de C.V.397722EMERGINGLATAMERICAGIGANTE*@MMNEWSGLOBISSCORPRetailCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/634455spcred/634455normThe latest Research Update from S&P3/7/2008 1:39:15 PMResearch Update175global634455MexicoEmerging MarketsLatin AmericaGlobal IssuersCorporationsRetailResearch UpdateOn March 7, 2008, Standard&Poor's Ratings Services withdrew its ratings on Grupo Gigante S. A. B. de C.V. (Gigante) at the company's request, including the 'BB' corporate credit rating and the 'BB' rating on the company's $260 million 8.75% notes due 2016. This action follows Gigante's repurchase of all of its outstanding senior notes. In December 2007, Gigante reached an agreement with Organización Soriana S.A.B. de C.V. (NR) to acquire the operation of 198 stores in Mexico and the U.S. Currently the company is debt free and in the process of analyzing different strategic alternatives. Not Rated Action; CreditWatch/Outlook Action To From Grupo Gigante, S. A. B. de C.V. Corporate Credit Rating NR/-- BB/Watch Neg/-- Senior Unsecured ForeignMEX400487Grupo Gigante, S. A. B. de C.V.397722EMERGINGLATAMERICAGIGANTE*@MMRESUPDGLOBISSCORPRetailCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/fitch/393177_pr_framefitch/393177_pr_framehtmlGIGANTE8299315412/12/2007 10:12:00 AMGrupo Gigante, S.A. de C.V.Press Release75Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.01030300393177_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/393175_pr_framefitch/393175_pr_framehtml12/11/2007 6:27:00 PMGIGANTE75Grupo Gigante, S.A. de C.V.0103030082993154Press ReleaseFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.393175_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/spcred/616633spcred/616633normThe latest News from S&P11/30/2007 6:45:10 PMNews100global616633MexicoEmerging MarketsLatin AmericaGlobal IssuersCorporationsRetailNewsMEXICO CITY (Standard&Poor's) Nov. 30, 2007--Standard&Poor's Ratings Services said today that it placed its 'BB' long-term corporate credit rating on Grupo Gigante S.A.B. de C.V. (Gigante) and its 'BB' rating on Gigante's $260 million senior notes on CreditWatch with negative implications. Total debt outstanding was about $485 million as of Sept. 30, 2007, on a lease-adjusted basis. The CreditWatch placement follows Thursday's announcement that the company has initiated an offer to repurchase all outstanding 8.75% senior notes due 2016. In addition, the company has initiated a consent solicitation to eliminate or change certain covenants related to the notes. The offer will expire on Dec. 27, 2007," said Standard&Poor's credit analyst Patricia Calvo. We willMEX400487Grupo Gigante, S. A. B. de C.V.397722EMERGINGLATAMERICAGIGANTE*@MMNEWSGLOBISSCORPRetailCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/616634spcred/616634normThe latest Research Update from S&P11/30/2007 6:45:10 PMResearch Update175global616634MexicoEmerging MarketsLatin AmericaGlobal IssuersCorporationsRetailResearch UpdateOn Nov. 30, 2007, Standard&Poor's Ratings Services placed its 'BB' long-term corporate credit rating on Grupo Gigante S.A.B. de C.V. (Gigante) and its 'BB' rating on Gigante's $260 million senior notes on CreditWatch with negative implications. Total debt outstanding was about $485 million as of Sept. 30, 2007, on a lease-adjusted basis. The CreditWatch placement follows Thursday's announcement that the company has initiated an offer to repurchase all outstanding 8.75% senior notes due 2016. In addition, the company has initiated a consent solicitation to eliminate or change certain covenants related to the notes. The offer will expire on Dec. 27, 2007. The price will be equal to 35% of the equity claw-back price plus 65% of the fixed-spreadMEX400487Grupo Gigante, S. A. B. de C.V.397722EMERGINGLATAMERICAGIGANTE*@MMRESUPDGLOBISSCORPRetailCredit & Investment ResearchS&P Credit Research