Quality | 2015.02.24
Fitch: Office Depot de Mexico's Creditworthiness Unaffected by Chilean Acquisition
MONTERREY, Mexico--(BUSINESS WIRE)--Fitch Ratings considers the acquisition of 51% of Grupo Prisa (Prisa), a leading Chilean office supplies company, by Office Depot de Mexico (ODM) to be positive for its business profile, but neutral for credit quality. The Grupo Prisa acquisition increases geographic diversification and brings additional cash flow generation that offsets the increase in leverage due to the depreciation in the Mexican peso (MXN) vs. the U.S. dollar (USD), which affects ODM\'s u
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