Bimbo continues to focus on improving its operating and financial performance following its acquisition of Canada Bread in May 2014. We are affirming our 'BBB' global scale and 'mxAA+' national scale corporate credit and debt ratings on the company. The stable outlook reflects our expectation that Bimbo will reduce debt and strengthen its profitability, which will improve its credit metrics in the next 12-18 months. On March 9, 2015, Standard&Poor's Ratings Services affirmed its 'BBB' global scale and 'mxAA+' national scale corporate credit and debt ratings on Grupo Bimbo, S.A.B. de C.V. (Bimbo). The outlook remains stable. The rating affirmation reflects our expectation that Bimbo's focus on reducing debt and improving its profitability since it acquired Canada Bread
