Grupo Elektra Aktie
WKN: 724594 / ISIN: MX01EL000003
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12.05.2015 20:22:00
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Grupo Elektra, S.A.B. de C.V. -- Moody's says Grupo Elektra's closure of Brazilian operations has no impact on Ba3 rating or stable outlook
New York, May 12, 2015 -- Grupo Elektra S.A.B. de C.V.'s (Elektra) announced exit from Brazil is credit neutral given that its Brazilian operations are less than 3% of total store-count and add a minimum contribution to consolidated revenues and EBITDA. Moody's does not anticipate any change to the Ba3 corporate family rating or stable outlook of Elektra as a result of the closures, as credit metrics will still be supported by its larger operations in Mexico, Peru, and Central America.
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