Article: Fitch Ratings Affirms Copamex at 'BB-'.

NEW YORK -- Fitch Ratings has affirmed Copamex, S.A. de C.V. (Copamex) as follows:

--Foreign and local currency Issuer Default Ratings (IDRs) at 'BB-';

--Senior unsecured national scale rating at 'A-(mex)';

--MXP100 million unsecured certificados bursatiles (CBs) at 'A-(mex)'.

--Secured CBs at 'A(mex)'.

--Short-term rating at 'F2(mex)'.

The Outlook on all ratings is Stable.

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