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Bulletin: Controladora Mabe S.A. de C.V. Rating Unaffected By Announced Brazil Acquisition Deal Jul 09
Standard & Poors, July 2009
Abstract
MEXICO CITY (Standard & Poor's) July 2, 2009--Standard & Poor's Ratings Services said today that its ratings on Mexico City, Mexico-based Controladora Mabe S.A. de C.V. (Mabe; BBB-/Negative/--) are not affected by the company's announcement that it has completed the acquisition of BSH Continental Electrodomesticos in Brazil, a subsidiary of BSH Bosch und Siemens Hausgeraete GmbH, for approximately $35 million. The transaction will be mainly financed through a capital injection from its stockholders and Brazilian partners. Although this transaction represents an important challenge due to the size and competitiveness of the Brazilian market, we recognize that Mabe has successfully integrated acquisitions in the past. We believe that in the near term, this acquisition will not materially affect Mabe's financial or...
Companies mentioned in this report are: Controladora Mabe, S.A. de C.V.,BSH Bosch und Siemens Hausgeraete GmbH
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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