|
|
Article: Fitch Affirms Copamex IDR at 'BB-'; Outlook Stable.
- Article from:
- Business Wire
- Article date:
- May 30, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
MONTERREY, Mexico -- Fitch Ratings has affirmed Copamex, S.A. de C.V. (Copamex) senior unsecured foreign and local currency Issuer Default Ratings (IDRs) at 'BB-' and the senior unsecured national scale rating at 'A-(mex)'. Fitch has also affirmed the rating of Copamex's peso-denominated medium-term notes or Certificados Bursatiles (CB's) at 'A(mex)', the national short-term rating at 'F2', and assigned 'F2(mex)' to a new MXP250 million short term local CB program. The Outlook on all ratings is Stable.
The ratings are supported by the company's business position, steady operating performance. Even though, Copamex operates in a competitive environment, the ...