Article: Fitch Takes Rating Actions on National Scale Ratings in Latin America.

CHICAGO -- During the week of Sept. 6, 2004 through Sept. 10, 2004, Fitch changed the following ratings on the national scale in Latin America:

Corporates:

Carso Global Telecom, S.A. de C.V. (Mexico)

Fitch assigned a rating to Carso Global Telecom's two new series of its certificates program. The ratings are as follows:

-- Series 3 MXP1,000,000,000 'AA(mex)';

-- Series 4 MXP750,000,000 'AA(mex)'.

Ripasa S.A. Celulose e Papel (Brazil)

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