Mexico, March 20, 2014 -- Moody's Investors Service (Moody's) has today assigned a Baa3 rating to Alfa, S.A.B. de C.V.'s (Alfa) proposed up to USD1 billion senior unsecured notes. The rating outlook is stable. This is the first time Moody's rates Alfa. The proposed notes will be issued in two tranches maturing in 10 and 30 years and will not be guaranteed by any of Alfa's subsidiaries. As a result, the proposed notes will be effectively subordinated to the debt at the subsidiary level which, as of December 31, 2013, represented around 96% of total consolidated debt.

Vollständigen Artikel bei Moodys lesen