September 28, 2020
Mexican retailer Organización Soriana plans to issue MXN5 billion ($223 million) in long-term bonds in the local market along with MXN6 billion in short-term notes, raising money to refinance debt, according to a report from Fitch Ratings.
Fitch assigned a AA+(mex) rating on the local scale to the long-term notes and an F1+(mex) to the short-term notes, in line with Soriana's corporate ratings, the rating agency said on Thursday evening.
Soriana outlined a local bond program for up to MXN25 bill
Mexican retailer lines up $223 mln in long-term notes and $268 mln in short-term notes to refinance debt