Mexico-based retail company FEMSA's recent acquisitions will continue to strengthen its already diverse product offering, extensive presence and services with a greater than 75% market share. We are affirming our 'BBB+' global scale and 'mxAAA/mxA-1+' national scale corporate credit ratings on the company. The stable outlook reflects our view that the company will maintain its solid market position and profitability levels while using its own cash flow generation and cash position to finance its growth plan, maintaining stable credit metrics. On Sept. 24, 2013, Standard&Poor's Ratings Services affirmed its 'BBB+' global scale corporate credit and debt ratings on Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA). We also affirmed our 'mxAAA' long-term national scale corporate credit and debt ratings
