...Solid Business Profile: Alfa, S.A.B. de C.V.'s credit quality benefits from the solid business profiles of its subsidiaries and from being one of the largest conglomerate groups in Mexico. Its main companies have leading or important positions in the industries where they participate and stable capital structures that support the holding company's rating in the long term. Diversified Business Portfolio: Fitch Ratings believes Alfa's diversified portfolio across different industries mitigates its business risks and cash flow generation. Alfa's stable business profiles related to processed foods, and IT and telecom alleviate exposure to the more volatile petrochemical, automotive, and oil and gas industries. Additional flexibility comes from its geographical and currency diversification, with operations in 27 countries and around 66% of consolidated revenues generated outside Mexico. Acquisition Strategy: Fitch anticipates Alfa will continue evaluating investments or acquisitions to strengthen...
