Fomento Economico Mexicano Upgraded To 'A-' From 'BBB+' On Strong Credit Metrics, Outlook Stable

Mexico-based retail company FEMSA has maintained solid key credit metrics despite its recent acquisitions and Mexico's slipping economic growth. We are raising our global scale corporate credit and debt ratings to 'A-' from 'BBB+' on FEMSA. At the same time, we are affirming our 'mxAAA' long-term national scale corporate credit and debt ratings and our 'mxA-1+' short-term national scale rating on FEMSA. The stable outlook reflects our view that the company will continue posting positive free operating cash flow (FOCF) with stable key credit metrics, while it maintains a solid market position and favorable EBITDA margins. MEXICO CITY (Standard&Poor's) June 10, 2015--Standard&Poor's Ratings Services raised its global scale corporate credit and debt ratings to 'A-' from

...+ Mexico-based retail company FEMSA has maintained solid key credit metrics despite its recent acquisitions and Mexico's slipping economic growth. + We are raising our global scale corporate credit and debt ratings to 'A-' from '###+' on FEMSA. At the same time, we are affirming our 'mxAAA' long-term national scale corporate credit and debt ratings and our 'mxA-1+' short-term national scale rating on FEMSA. + The stable outlook reflects our view that the company will continue posting positive free operating cash flow (FOCF) with stable key credit metrics, while it maintains a solid market position and favorable EBITDA margins. MEXICO CITY (Standard & Poor's) June 10, 2015--Standard & Poor's Ratings Services raised its global scale corporate credit and debt ratings to 'A-' from '###+' on Fomento Econ=mico Mexicano S.A.B. de C.V. (FEMSA). At the same time, we affirmed our 'mxAAA' national scale long-term corporate credit and issue-level ratings and our 'mxA-1+' short-term corporate credit...

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