MONTERREY, Mexico--(BUSINESS WIRE)--Fitch Ratings has withdrawn the 'B(exp)/RR4' rating on Grupo Gayosso S.A. de C.V.'s (Gayosso) proposed USD$150 million debt issuance.
Proceeds were intended to pay down existing debt, as well as for general corporate uses. As there is no set time frame for resuming the issuance process, no rating is required at this time.
Fitch currently rates Gayosso as follows:
--Foreign currency Issuer Default Rating (IDR) 'B';
--Local
currency IDR 'B';
The Rating Outlook is Stable.
Additional information is available at www.fitchratings.com.
Additional Disclosure
Solicitation Status
http://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=797963
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