Grupo Bimbo S.A.B. de C.V. - S&P Global Ratings’ Credit Research

Grupo Bimbo S.A.B. de C.V.

Grupo Bimbo S.A.B. de C.V. - S&P Global Ratings’ Credit Research
Grupo Bimbo S.A.B. de C.V.
Published Dec 04, 2020
16 pages (5911 words) — Published Dec 04, 2020
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

For 2021, although uncertainties remain about the evolution of the pandemic, vaccine availability, and global economic recovery path, we expect Bimbo to maintain solid operating and financial performance thanks to its focus on staple and high-consumption products in the resilient bakery industry. Our base-case scenario assumes low single-digit revenue growth in 2021 amid sustained volume growth and considering an appreciation of the MXN-peso against the U.S. dollar during the year. The stable outlook reflects our expectation that Bimbo's adjusted leverage metric will be around 3.0x, with continued solid OCF, and that the company will maintain a prudent financial policy toward capex, dividends, share buybacks, and acquisitions in the next two years. Amid the COVID-19 pandemic and global recession in 2020,

  
Brief Excerpt:

...(Editor's Note: In the originally published article on Dec. 4, 2020, the management and governance score descriptor in the snapshot was incorrect. A corrected version follows.)...

  
Report Type:

Full Report

Ticker
BIMBO@MM
Issuer
GICS
Packaged Foods & Meats (30202030)
Sector
Global Issuers, Structured Finance
Country
Region
Latin America
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings 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.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Grupo Bimbo S.A.B. de C.V." Dec 04, 2020. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Grupo-Bimbo-S-A-B-de-C-V-2581176>
  
APA:
S&P Global Ratings’ Credit Research. (). Grupo Bimbo S.A.B. de C.V. Dec 04, 2020. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Grupo-Bimbo-S-A-B-de-C-V-2581176>
  
US$ 500.00
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