OVERVIEW MEXICO CITY (Standard&Poor's) March 14, 2016--Standard&Poor's Ratings Services assigned its 'A-' global scale issue-level rating to FomentoEconómico Mexicano, S.A.B. de C.V.'s (FEMSA) EUR1 billion, seven-year, senior unsecured notes. FEMSA plans to use the proceeds for corporate purposes and to further strenghten its liquidity, which will enhance its cash position. This, along with the company's favorable operating performance and the stable dividends it receives from Coca-Cola Femsa S.A.B. de C.V. (KOF) and Heineken N.V/Heineken Holding N.V. (Heineken), will continue funding its working capital needs, expansion program, and dividend payments. The notes are the same level as the corporate credit rating, which reflects our view that the priority liabilities in Femsa Comercio represent less than 20% of
