MONTERREY, Mexico--(BUSINESS WIRE)--Fitch Ratings has withdrawn its ratings on Copamex, S.A. de C.V. (Copamex). Consistent with Fitch's policies, it will no longer provide analytical coverage of Copamex. The company no longer has outstanding market debt issuances following last year's refinancing of its entire debt with a syndicated loan.
Fitch has withdrawn the following ratings:
--Foreign Currency Issuer Default Rating (IDR) 'B+';
--Local Currency IDR 'B+';
--National scale long-term rating 'BBB(mex)';
--National scale short-term rating 'F3(mex)';
--Short-term local 'Certificados Bursatiles' program 'F3(mex)'.
Additional information is available 'www.fitchratings.com'.
Applicable Criteria and Related Research:
--'Corporate Rating Methodology', Aug. 13, 2010;
--'National Ratings Criteria', Jan. 19, 2011.
Applicable Criteria and Related Research:
Corporate Rating Methodology - Amended
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=546646
National Ratings Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=595885
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