Industry | 2014.06.25
Fitch Rates Bimbo's Notes Issuance 'BBB'
MONTERREY, Mexico--(BUSINESS WIRE)--Fitch Ratings has assigned a \'BBB\' rating to Grupo Bimbo S.A.B. de C.V.\'s (Bimbo) issuance of senior unsecured notes for USD800 million due in 2024 and USD500 million due in 2044. Bimbo will use the net proceeds of the issuance to repay existing indebtedness and for other general corporate purposes. KEY RATING DRIVERS Bimbo\'s ratings continue to reflect its important size and scale within the global bakery industry, strong brand recognition and positioning in
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