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

CHICAGO -- During the week of Sept. 26-30 2005, Fitch Ratings changed the following ratings on the national scale in Latin America:

Corporates:

MASISA (Chile)

-- Bond issuance programs series E and D for UF3,000,000 and UF5,500,000, respectively, assigned a new rating of 'A-(chl)'.

Manquehue Net (Chile)

-- Bonds series A upgraded to 'BBB-(chl)' from 'BB+(chl)'.

GTD Teleductos (Chile)

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