TEXT-Fitch cuts Sanluis Corp IDR to 'C'

Newswire

(The following statement was released by the rating agency) May 24 - Fitch Ratings has downgraded the following ratings of SANLUIS Corporacion, S.A. de C.V.'s (SANLUIS): --Foreign and local currency Issuer Default Ratings (IDRs) to 'C' from 'CC'; --Debenture notes due June 2010 to 'C/RR6' from 'CC/RR6'; --Mandatory convertible notes due June 2011 to 'C/RR6' from 'CC/RR6'. Fitch has also downgraded SANLUIS Rassini Autopartes, S.A. de C.V.'s (Rassini) foreign and local currency IDRs to 'C' ...

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