TEXT-Fitch cuts San Luis Corp to 'CC' from 'B-'

Newswire

(The following statement was released by the ratings agency) Sept 23 - Fitch Ratings has today downgraded SANLUIS Corporacion, S.A. de C.V. (SANLUIS) ratings as follows: --Foreign and local currency Issuer Default Rating (IDR) to 'CC' from 'B-'; --Senior secured restructured credit facility rating to 'CC/RR5' from 'B-/RR4'; --Mandatory convertible notes and debenture notes ratings to 'CC/RR6' from 'CCC+/RR5'. The ratings remain on Rating Watch Negative. The ratings of SANLUIS were placed ...

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