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

CHICAGO -- During the week of Jan. 24-28, 2005, Fitch Ratings changed the following ratings on the national scale in Latin America:

Corporates:

Urbi Desarrollos Urbanos, S.A. de C.V. (Mexico)

-- MXP1,000,000,000 certificates assigned 'A+(mex)'.

Camuzzi Gas Pampeana (Argentina)

-- ARP300,000,000 debt issuance program assigned 'BBB(arg)'.

Financial institutions:

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