Fitch upgrades Cencosud after acquisitions

Fitch upgrades Cencosud after acquisitions

Credit Ratings Fitch Ratings Upgrade Commerce Retail shopping Capital Markets Bonds Fixed Income M&A Chile United States

Fitch Ratings said Monday that it upgraded Chile's Cencosud by one notch to BBB as the retailer incorporates recent acquisitions in Brazil and the United States. "The upgrade reflects the company's solid market position supported by its diversified geographic footprint in Latin America and the United States and its operations in multiple resilient business segments such as food retail and home improvement," Fitch said in a report, adding that it expects Cencosud to keep net debt levels below 2.5

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