Fitch Announces Combined Rtgs For Latin America Corporates.Business Editors NEW YORK--(BUSINESS WIRE)--June 1, 2000 Fitch fitch: see polecat. , the international rating agency formed through the merger of Fitch IBCA IBCA International Braille Chess Association IBCA Institute of Burial and Cremation Administration IBCA Integrated Business Communications Alliance IBCA International Barbeque Cookers Association IBCA Department of Interior Board of Contract Appeals and DCR DCR Department of Conservation and Recreation DCR Decrease DCR Digital Cable Ready (television) DCR Dark Crisis (Yu-Gi-Oh! cards) DCR Debt Coverage Ratio DCR Dacryocystorhinostomy , today announced that all of the outstanding Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. corporate ratings of Fitch IBCA and DCR are being combined into a single set of ratings to be maintained by Fitch. Consequently, Latin America corporate ratings will no longer be issued or maintained separately by either Fitch IBCA or DCR. As a result of the combination of the ratings of Fitch IBCA and DCR, Fitch announced the following changes to the outstanding public Latin America corporate ratings of Fitch IBCA and DCR. [Ratings are designated as follows: Issuer; bond description; former Fitch IBCA (FI) rating; former Duff & Phelps (DCR) rating; and the new Fitch (Fitch) rating.] Aguas Argentinas --Sr. Unsecured, Foreign Currency Rating, `N/R' (FI), `BB' (DCR), `BB+' (Fitch) Capex --Sr. Unsecured, Foreign Currency Rating, `N/R' (FI), `BB' (DCR), `BB+' (Fitch) Transportadora de Gas del Norte Del Norte can refer to multiple things:
TGN Tarragona (Catalonia, Spain) TGN Thesaurus of Geographic Names TGN The Good News (Catholic Diocese of Kalamazoo newspaper) TGn Task Group N (IEEE) ) --Sr. Unsecured, `N/R' (FI), `BB' (DCR), `BB+' (Fitch) Transportadora de Gas del Sur (TGS TGS Tokyo Game Show TGS Ticket-Granting Service TGS Ticket-granting Server TGS The Good Shepherd TGS Teen Girl Squad TGS The Gargoyles Saga TGS Texas Gourd Society TGS Tomato Growers Supply TGS Trinity Grammar School TGS Tomographic Gamma Scanner ) --Sr. Unsecured, `N/R' (FI), `BB' (DCR), `BB+' (Fitch) Aracruz --Sr. Secured, Local Currency Rating, `BB+' (FI), `BBB-` (DCR), `BBB-` (Fitch) Kimberly Clark de Mexico --Sr. Unsecured, Foreign Currency Rating, `BBB BBB A medium grade assigned to a debt obligation by a rating agency to indicate an adequate ability to pay interest and repay principal. However, adverse developments are more likely to impair this ability than would be the case for bonds rated A and above. +' (FI), `BBB' (DCR), `BBB' (Fitch) Fitch hereby affirms all other outstanding public Latin America corporate ratings of Fitch IBCA and DCR, except those currently on RatingAlert by Fitch IBCA and Rating Watch by DCR for which the Rating Watch status will continue until otherwise announced. Over the next several months, Fitch intends to affirm, or in certain limited cases change, all of the outstanding private placement Latin America corporate ratings of Fitch IBCA and DCR. All such affirmations or changes will be communicated by Fitch directly to the issuer, investors or other appropriate parties consistent with the established practice for communicating private ratings. The outstanding public Latin America corporate ratings of Fitch will be publicly available on both the web sites of Fitch (`www.fitchibca.com') and DCR (`www.dcrco.com') for the next several weeks. Information about the outstanding public ratings of Fitch also may be obtained by calling 1- 800-753-4824. |
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