Bimbo Leverage Rises With Sarah Lee

Bimbo Leverage Rises With Sarah Lee

Mexico Bonds M&A Corporate & Sovereign Strategy

Grupo Bimbo, the Mexican food company, was placed on negative watch by S&P after its announced $959m acquisition of Sara Lee’s North American bakery division and plans to raise debt to finance the deal. Bimbo is rated BBB on a global scale and mxAAA on a national scale. Moody’s is also changing its outlook on Bimbo from positive to on review for possible downgrade. S&P says that if the company’s ratings were downgraded, they would likely be limited to a single-notch move. Debt-to-Ebitda levels a

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial