MEXICO CITY, Feb 21 Mexican corn miller and
tortilla maker Gruma on Wednesday reported fourth
quarter net profit of 1.845 billion pesos ($93.8 million), up
8.3 percent versus the same period a year earlier.
(The following statement was released by the rating agency)
MONTERREY, November 07 (Fitch) Fitch Ratings has affirmed Gruma,
C.V.'s (Gruma) Long-Term Foreign and Local Currency Issuer
Default Rating (IDR)
at 'BBB'. The Rating Outlook is Stable. A full list of ratings
provided at the end of this release.
The affirmation reflects Gruma's strong business position as one
of the world's
largest producers of corn flour and tortillas with recognized
brands in its main
markets and g