Grupo Bimbo S.A.B. de C.V.'s Proposed Senior Unsecured Bond Rated 'BBB' - S&P Global Ratings’ Credit Research

Grupo Bimbo S.A.B. de C.V.'s Proposed Senior Unsecured Bond Rated 'BBB'

Grupo Bimbo S.A.B. de C.V.'s Proposed Senior Unsecured Bond Rated 'BBB' - S&P Global Ratings’ Credit Research
Grupo Bimbo S.A.B. de C.V.'s Proposed Senior Unsecured Bond Rated 'BBB'
Published Jun 24, 2014
1020 words — Published Jun 24, 2014
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

MEXICO CITY (Standard&Poor's) June 24, 2014--Standard&Poor's Ratings Services assigned its global scale 'BBB' issue-level rating to Mexican consumer products company Grupo Bimbo S.A.B. de C.V.'s (Bimbo; BBB/Stable/--) proposed senior unsecured notes for $800 million due 2024 and for $500 million due 2044. Bimbo plans to use the proceeds to repay existing debt. Our ratings on Bimbo reflect its "satisfactory" business risk profile and its "intermediate" financial risk profile. For the latest credit rationale on Bimbo, please see "Grupo Bimbo 'BBB' Ratings Affirmed On Proposed Canada Bread Acquisition" published Feb. 14, 2014. RELATED CRITERIA AND RESEARCH Methodology And Assumptions: Liquidity Descriptors for Global Corporate Issuers, Jan. 2, 2014 Key Credit Factors for the Branded Nondurables Industry, Nov.

  
Brief Excerpt:

RESEARCH Grupo Bimbo S.A.B. de C.V.'s Proposed Senior Unsecured Bond Rated '###' Publication date: 24-Jun-2014 Primary Credit Analyst: Laura Martinez, Mexico City (52) 55-5081-4425; laura.martinez@standardandpoors.com Secondary Contact:...

  
Report Type:

Ratings Action

Ticker
BIMBO@MM
Issuer
Grupo Bimbo S.A.B. de C.V.
GICS
Packaged Foods & Meats (30202030)
Sector
Global Issuers, Structured Finance
Country
Mexico
Region
Latin America
Format:
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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.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Grupo Bimbo S.A.B. de C.V.'s Proposed Senior Unsecured Bond Rated 'BBB'" Jun 24, 2014. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Grupo-Bimbo-S-A-B-de-C-V-s-Proposed-Senior-Unsecured-Bond-Rated-BBB-1336506>
  
APA:
S&P Global Ratings’ Credit Research. (). Grupo Bimbo S.A.B. de C.V.'s Proposed Senior Unsecured Bond Rated 'BBB' Jun 24, 2014. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Grupo-Bimbo-S-A-B-de-C-V-s-Proposed-Senior-Unsecured-Bond-Rated-BBB-1336506>
  
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