TEXT-Fitch affirms Grupo Kuo

Newswire

(The following statement was released by the rating agency) Dec 23 - Fitch Ratings has affirmed the Issuer Default Ratings (IDRs) and outstanding credit ratings on Grupo KUO, S.A.B. de C.V. (KUO) as follows: --Long-term IDR at 'B+'; --Long-term local currency IDR at 'B+'; --Long-term National Rating at 'BBB(mex)'. --IFC B Loan Participations at 'BB-/RR3'; --US$200 million senior notes due 2017 at 'BB-/RR3'. The Rating Outlook for all ratings is Stable. The 'RR3' Recovery Rating (RR) ...

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