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Restructured Comerci Debt Gets Ba3

Mar 10, 2011

Moody’s has assigned a Ba3 rating to Controladora Comercial Mexicana following its $1.54bn restructuring which closed last year. “The Ba3 ratings balance the benefits of a fairly defensive business profile typical for a food retailer...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management