Restructured Comerci Debt Gets Ba3

Restructured Comerci Debt Gets Ba3

Mexico Corporate & Sovereign Strategy

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 and the significant market position as Mexico's third largest food retailer with the longer term challenge of securing its market position in an increasingly competitive local retail sector and the company's high financial leverage,” the agency says. Comerci, as the

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