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Fitch Downgrades IDRs of Corporacion Durango S.A. de C.V. to 'D'.

Publication: Investment Weekly News
Publication Date: 25-OCT-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Fitch Ratings has downgraded the foreign and local currency IDRs of Corporacion Durango S.A. de C.V. (Durango) to 'D' from 'CC' and has affirmed its 'CC/RR4' rating of the company's notes due in 2017. All ratings have been removed from Rating Watch Negative.

Fitch's action follows the announcement by the...

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