NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed San Miguel Industrias PET S.A.'s (SMI) Issuer Default Rating (IDR) and senior unsecured notes at 'BB'. The Rating Outlook is Stable KEY RATING DRIVERS Leading Position in Peru: SMI is the leading manufacturer and distributor of polyethylene terephthalate (PET) preforms and bottles in Peru, with a market share of about 70%. The group's performance benefits from the growing middle class and soft drink consumption in Peru. Production costs and
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