11.07.2015 00:21:00
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Grupo Bimbo, S.A.B. de C.V. -- Moody's says Grupo Bimbo's acquisition of Panrico is credit positive as it will strengthen Bimbo's operation in Europe
Mexico, July 10, 2015 -- Moody's de Mexico said today that it does not expect any impact on the Baa2/Aa1.mx senior unsecured ratings or negative outlook of Grupo Bimbo, S.A.B. de C.V. (Bimbo) as a result of the announcement of the acquisition of Panrico, S.A.U. (unrated) given the modest expected impact on Bimbo's credit metrics and the strategic value this transaction should have for the company's operation in Spain and Portugal. For further information, please refer to our issuer comment published on www.moodys.com. on July 10, 2015.