S&P: Sigma Alimentos to stable

Standard & Poor's said it revised the outlook on Sigma Alimentos SA de CV to stable from negative.

S&P also affirmed the company's BBB- global scale and mxAA national scale corporate credit and debt ratings.

The action reflects Sigma's improved financial performance as a result of debt reduction and a stable EBITDA margin, the agency said.

The company has been able to offset raw material price volatility and foreign-currency depreciation in 2011 and the first half of 2012 through higher prices and volumes, savings in costs and expenses, S&P said, and the integration of Bar-S, which Sigma acquired in September 2010.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.