Bimbo Receives Ratings Nod

Bimbo Receives Ratings Nod

Moody's has revised the outlook on Grupo Bimbo’s Baa2 rating to stable from negative amid improved credit metrics and expectations of near to medium term deleveraging. "The outlook change mainly reflects Bimbo's solid positive cash flow in the past several quarters, which has allowed the company to reduce near-term refinancing risks," says Sebastian Hofmeister, senior analyst at Moody's. A November repayment of $300m on a loan boosted liquidity and Moody’s says it expects the Mexican baker to be

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