Home Credit Ratings and Research Residential Mortgage-Backed Securities S&P Global Ratings’ Credit Research Grupo Bimbo S.A.B. de C.V.

Research Update: Grupo Bimbo 'BBB+' Rating Stays On Watch Negative, To Be Cut At End Of Transaction

Published Dec 22, 2008

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About This Report

Abstract:

On Dec. 22, 2008, Standard&Poor's Ratings Services said that its ratings on Grupo Bimbo S.A.B. de C.V., including the 'BBB+' global scale and 'mxAAA' CaVal (Mexico) national scale corporate credit ratings, remained on CreditWatch with negative implications. We will lower the ratings by one notch when shareholders and regulatory authorities approve the company's acquisition of the U.S. operations of a Canadian bakery business. Once the transaction closes, we will remove the ratings on Bimbo from CreditWatch and lower the global and national scale corporate credit ratings to 'BBB' from 'BBB+' and 'mxAA+' from 'mxAAA', respectively. The outlooks will be negative. The ratings were originally placed on CreditWatch with negative implications on Dec. 4, 2008, following the company's announcement

Report Type:

Research Update

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:

HTML

Research Update: Grupo Bimbo 'BBB+' Corporate Rating Lowered To 'BBB' On Confirmation Of Acquisition Of Weston Foods Inc. – 2009/01/22 – US$ 225.00

Grupo Bimbo S.A.B. de C.V. – 2009/08/14 – US$ 500.00

Summary: Grupo Bimbo S.A.B. de C.V. – 2009/08/14 – US$ 225.00

Grupo Bimbo S.A.B. de C.V. Outlook Revised To Stable From Negative; Rating Affirmed – 2010/06/10 – US$ 150.00

Research Update: Grupo Bimbo S.A.B. de C.V. Rating Affirmed; Outlook Revised To Stable From Negative – 2010/06/10 – US$ 225.00

Grupo Bimbo 'BBB+' Rating Stays On Watch Negative; Downgrade To Follow U.S. Assets Acquisition – 2008/12/22 – US$ 150.00

Grupo Bimbo S.A.B. de C.V. Ratings Put On CreditWatch Negative Due To Possible Acquisition – 2008/12/04 – US$ 150.00

Research Update: Grupo Bimbo S.A.B. de C.V. Ratings Put On CreditWatch Negative Due To Possible Acquisition – 2008/12/04 – US$ 225.00

Grupo Bimbo S.A.B. de C.V. – 2008/09/25 – US$ 500.00

Summary: Grupo Bimbo S.A.B. de C.V. – 2008/09/25 – US$ 225.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Research Update: Grupo Bimbo 'BBB+' Rating Stays On Watch Negative, To Be Cut At End Of Transaction" Dec 22, 2008. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Grupo-Bimbo-BBB-Rating-Stays-On-Watch-Negative-To-Be-Cut-At-End-Of-Transaction-692545>

APA:	S&P Global Ratings’ Credit Research. (). Research Update: Grupo Bimbo 'BBB+' Rating Stays On Watch Negative, To Be Cut At End Of Transaction Dec 22, 2008. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Grupo-Bimbo-BBB-Rating-Stays-On-Watch-Negative-To-Be-Cut-At-End-Of-Transaction-692545>

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