S&P Revises Mexican Entities' Outlook to Stable.NEW YORK--(BUSINESS WIRE)--Standard & Poor's CreditWire 10/2/98-- Standard & Poor's today revised its foreign and local currency outlook on one Mexican Mexican named after or originating in Mexico. Mexican axolotl see ambystomamexicanum. Mexican beaded lizard (Heloderma horridum entity to stable from positive and affirmed af·firm v. af·firmed, af·firm·ing, af·firms v.tr. 1. To declare positively or firmly; maintain to be true. 2. To support or uphold the validity of; confirm. v.intr. its foreign and local currency corporate credit ratings on the company (see list below). At the same time, Standard & Poor's revised its foreign currency outlook on 20 Mexican entities to stable from positive and affirmed its foreign currency corporate credit ratings on these issuers (see list). The outlook revision (programming) revision - A release of a piece of software which is not a major release or a bugfix, but only introduces small changes or new features. follows Standard & Poor's outlook revision on the United Mexican States (see prior press release). In addition, the outlook revision on the private sector companies reflects the reduction in economic growth that is expected to negatively impact local consumer demand and industrial production levels. Furthermore, weakened weak·en tr. & intr.v. weak·ened, weak·en·ing, weak·ens To make or become weak or weaker. weak  en·er n. investor confidence has reduced the financial flexibility of
Mexican companies This is a List of Mexican companies:
v. height·ened, height·en·ing, height·ens v.tr. 1. To raise or increase the quantity or degree of; intensify. 2. To make high or higher; raise. v.intr. refinancing risk In banking and finance, refinancing risk is the possibility that a borrower cannot refinance by borrowing to repay existing debt. Many types of commercial lending incorporate bullet payments at the point of final maturity; often, the intention or assumption is that the borrower and increasing borrowing costs. Nevertheless, higher rated corporations that exhibit low leverage, global cost competitiveness, and conservative liquidity management are expected to maintain reasonable access to local and foreign bank lines. OUTLOOK: STABLE The outlook on the affected entities reflects the recent outlook revision on the United Mexican States to stable from positive, Standard & Poor's said.---CreditWire FOREIGN/LOCAL CURRENCY OUTLOOKS REVISED TO STABLE FROM POSITIVE
Foreign currency Local currency
rating rating
Comision Federal de Electricidad BB BBB+
FOREIGN CURRENCY OUTLOOK REVISED TO STABLE FROM POSITIVE
Foreign currency
rating
Agrobios S.A. de C.V. BB
Apasco S.A. de C.V. BB
Controladora Comercial Mexicana S.A. de C.V. BB
Controladora Mabe S.A. de C.V. BB
Desc S.A. de C.V. BB
Girsa S.A. de C.V. BB
Grupo Imsa S.A. de C.V. BB
Grupo Industrial Bimbo S.A. de C.V. BB
Grupo Minero Mexico S.A. de C.V. BB
Hylsa S.A. de C.V. BB
Industrias Penoles S.A. de C.V. BB
Pepsi-Gemex S.A. de C.V. BB
Petroleos Mexicanos BB
Unik S.A. de C.V. BB
Vitro S.A. de C.V. BB
FOREIGN CURRENCY OUTLOOK NOW STABLE
Rating(1)
Conproca S.A. de C.V.@ BB
Monterrey Power S.A. de C.V.@ BB
Fideicomiso Petacalco BB
Fideicomiso Petacalco Topolobampo BB
Proyectos de Energia S.A. de C.V.@ BB
(1)Outlook applies to senior secured debt issues only. @Foreign currency outlook revised to stable from positive. |
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