In releasing its review, S&P cited the following factors that motivated their decision:

Alestra: Greater comfort about the options the company has to refinance its debt, as well as its growth in sales and profitability.

Nemak :Better business profile; positioning as a strategic supplier of complex auto components and strong operating margins.

Sigma: A higher than expected profitability and solid financial results due to higher sales volumes, cost savings and efficiencies, which enabled Sigma mitigate the volatility of commodity prices. Also, for its financial discipline, despite its acquisitions strategy.

"We are pleased with the upgrade of our ratings," said Ramon Leal, ALFA's Chief Financial Officer. "The whole organization has done a great job to improve transparency and communication with the rating agencies,which enabled them to become more acquainted with our companies and recognize their competitive advantages, leadership, strategic positioning and financial strength. The improved credit rating will allow us to continue to access debt markets to fund growth plans of our businesses under better terms and conditions," he said.

For further information:

Enrique Flores
Vice President, Corporate Communications
ALFA, S.A.B. de C.V.
Phone + 52 (81) 8748-1207
eflores@alfa.com.mx
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