On March 25, the Fitch Ratings rating agency confirmed the long-term rating of Grupo Bimbo, SAB de CV (Bimbo) and the ratings of its BIMBO 16, BIMBO 17, BIMBO 23L and BIMBO 23-2L share certificate issuances in 'AAA (mex) '.

Les notations “AAA (mex)” confirmé au Grupo Bimbo, SAB de CV ( Bimbo) ) reflect its solid commercial position as a leading global producer of baked goods and an important player in the snack sector, with a portfolio of recognized brands and geographically diversified operations in Mexico, the United States, Canada, Canada, Latin America, Canada, Latin America, Europe, and, to a lesser extent, Asia and Africa. The group recorded a very good operational performance from Bimbo in 2023. It has withstood difficult macroeconomic environments in all geographic areas, such as currency effects due to the strength of the Mexican peso against the US dollar, which affect international operations, as well as seasonal effects, such as an additional week in North America in 2022. Also, the company's net sales increased by 11.4% compared to the previous year. Fitch expects Bimbo's profitability and debt indicators to remain relatively stable, with an EBITDA margin of 12% and gross and net debt of around 2x (x) for the next 18 to