Alfa S.A.B. de C.V. - Ratings Navigator

...Larger number of competitors with some track record of price discipline in downturns. Good quality reporting without significant failing. Consistent with the average of listed companies in major exchanges. Group structure shows some complexity but mitigated by transparent reporting. Experienced board exercising effective check and balances. Ownership can be concentrated among several shareholders. Facing substitutes of comparable quality but switching costs are significant. Demand volatility in line with economic cycles. Mature industry. Traditional markets may be under some pressure but opportunities arise in new markets. Moderate barriers to entry. Incumbents are generally strongly established but successful new entrants have emerged over time....

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