Article: Fitch Affirms & Withdraws Grupo Gigante's Ratings.

NEW YORK -- Fitch Ratings has affirmed and removed the Grupo Gigante, S.A.B. de C.V. (Gigante) 'BB' Foreign Currency and Local Currency IDRs from Rating Watch Evolving. Fitch has also simultaneously withdrawn the ratings. The rating actions follow the prepayment of the US$260 million senior notes with proceeds from asset sales of its supermarket division to Organizacion Soriana, S.A.B. de C.V. (Soriana) for US$1.35 billion.

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