MXN


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MXN

The ISO 4217 currency code for the Mexican Peso.

MXN

ISO 4217 code for the Mexican peso. The symbol was adopted following the revaluation of the peso that took place in 1993. For most of the 20th century, the peso was one of the more stable currencies in the world, and it had not been subject to the hyperinflation that plagued other Latin American countries. However, the 1970s oil crisis resulted in Mexico defaulting on its national debt in 1982; this slowed growth and caused hyperinflation throughout the 1980s. The "new peso," which was introduced in 1993, helped to stabilize the country. Now, the peso is one of the most traded currencies in the world.
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The rating downgrade of the MXN 220 million enhanced loan reflects the
The financial details of the agreement were not disclosed, but MXN described it as its largest deal to date.
The company has a network of more than 700 customers and reported sales of approximately MXN 358m for the full year 2015.
The company's cash flow generation supported its share repurchases of MXN $494 million and MXN $718 million during LTM 2Q'12 and 2011, respectively.
This process is expected to capture up to MXN 1bn pesos in synergies annually.
Comparable 4Q13 results eliminate a MXN 1,927m net gain after taxes resulting from the divestiture of the asset management business, a MXN 1,074m benefit from advanced tax credits, an extraordinary net benefit of MXN 199m before taxes related to the mandatory regulatory change in employee profit sharing future payments occurred in 3Q13 and branch expansion expenses before taxes of MXN 171m.
Foreign and Local Currency Issuer Default Rating (IDR) at 'BB-'; --Long-term National Scale Rating at 'A(mex)'; --Short-term National Scale Rating at 'F2(mex)'; --USD $550 million senior notes due 2018 at 'BB-'; --MXN $3 billion long-term Certificados Bursatiles issuances (ELEKTRA10-2 and ELEKTRA11) at 'A(mex)'; --Short and long-term Certificados Bursatiles program for up to MXN $5 billion at 'F2(mex)' and 'A(mex)', respectively.
According to the companies, the new entity will have a more robust network and commercial operation, including 37, 500 km of backbone, metropolitan and FTTH fiber optics network; 6,000 m2 of data centre space; and a portfolio of enterprise customers generating more than MXN 11bn in pro-forma annual revenues and more than MXN 4bn in pro-forma revenues from consumer and other segments.
Market size for Prepared Soup in Mexico is given in MXN and tonne with a minimum of five years' historical data.
Market size for Snack Food in Mexico is given in MXN and tonne with a minimum of five years' historical data.
The combination of poor operating results during the first quarter of 2012 and exposure of indebtedness to the USD, with current MXN above 14 per USD, results in a total debt to LTM EBITDA of approximately 3.
Market size for Butter & Yellow fats in Mexico is given in MXN and tonne with a minimum of five years' historical data.