Bulletin: Controladora Mabe S.A. de C.V. Rating Unaffected By Announced Brazil Acquisition Deal

395 word report published Jul 02, 2009

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Abstract:

MEXICO CITY (Standard&Poor's) July 2, 2009--Standard&Poor's Ratings Services said today that its ratings on Mexico City, Mexico-based Controladora Mabe S.A. de C.V. (Mabe; BBB-/Negative/--) are not affected by the company's announcement that it has completed the acquisition of BSH Continental Electrodomesticos in Brazil, a subsidiary of BSH Bosch und Siemens Hausgeraete GmbH, for approximately $35 million. The transaction will be mainly financed through a capital injection from its stockholders and Brazilian partners. Although this transaction represents an important challenge due to the size and competitiveness of the Brazilian market, we recognize that Mabe has successfully integrated acquisitions in the past. We believe that in the near term, this acquisition will not materially affect Mabe's financial or

Brief Excerpt:

RESEARCH Ratings Definitions Bulletin: Controladora Mabe S.A. de C.V. Rating Unaffected By Announced Brazil Acquisition Deal Publication date: 02-Jul-2009 Primary Credit Analyst: Laura Martinez, Mexico City (52) 55-5081-4425; laura_martinez@standardandp...

Report Type:

Bulletin

Ticker:

1122Z@MM

Issuer:

Controladora Mabe, S.A. de C.V.

Sector:

Global Issuers, Structured Finance

Country:

Mexico

Region:

Latin America

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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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