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Article: Gruma, S.A. de C.V. Sr Unsecd Nts Rtd 'BBB-' by S&P.
- Article from:
- Business Wire
- Article date:
- September 30, 1997
CopyrightCOPYRIGHT 1997 Business Wire. 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--(BUSINESS WIRE)-- Standard & Poor's CreditWire 9/30/97 -- 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 ...