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Article: Gruma, S.A. de C.V. Senior Unsecured Notes Rated 'BBB-' by S&P
- Article from:
- PR Newswire
- Article date:
- September 30, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, Sept. 30 /PRNewswire/ -- Standard & Poor's today assigned its triple-'B'-minus foreign currency rating to Gruma, S.A. de C.V.'s US$150 million senior unsecured notes due 2007. The company was also assigned a triple-'B' local currency corporate credit rating.
The outlook is stable.
The ratings reflect Gruma's geographically diversified operations, important market share positions, proprietary technology, growth potential, and Archer Daniels Midland Co.'s (double-'A'-minus corporate credit rating) economic interest in Gruma through its 22% equity position. The ratings also reflect Gruma's moderate financial leverage, which after a ...
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Article: Fitch Affirms Gruma's Ratings at 'BBB-'.
Business Wire;
November 13, 2006 ;
700+ words
... ... foreign currency and local currency Issuer Default Ratings (IDRs) of Gruma, S.A. de C.V. (Gruma). Fitch has also affirmed the 'BBB-' issue rating on Gruma's US$300 million perpetual bonds and US$50 million senior notes due ...
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