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Grupo Elektra, S.A. de C.V.


Fitch Ratings Fitch Ratings

An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris.
 has affirmed af·firm  
v. af·firmed, af·firm·ing, af·firms

v.tr.
1. To declare positively or firmly; maintain to be true.

2. To support or uphold the validity of; confirm.

v.intr.
 and withdrawn the 'BB-' international scale foreign and local currency ratings of Grupo Elektra Grupo Elektra is a Mexican financial and retail corporation owned by Grupo Salinas. It is listed on the New York Stock Exchange (EKT), the Bolsa Mexicana de Valores (ELEKTRA*) and on the Spanish Stock Market Latibex (XEKT). , S.A. de C.V. The agency said it had withdrawn the ratings in consistency with Fitch's policies, due to the pay-down of all of the company's dollar-denominated bonds. Fitch will no longer provide international analytical analytical, analytic

pertaining to or emanating from analysis.


analytical control
control of confounding by analysis of the results of a trial or test.
 service or coverage to this issuer. Fitch has also affirmed Elektra's national scale short-term rating of 'F2(mex)' and will continue to follow the company on the national scale.
COPYRIGHT 2005 American Chamber of Commerce of Mexico A.C.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:COMPANY NEWS
Publication:Business Mexico
Geographic Code:1MEX
Date:Jul 1, 2005
Words:83
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