Fitch Elevates Durango to CCC

Fitch Elevates Durango to CCC

Corporate & Sovereign Strategy

Fitch has moved the ratings of Mexico’s Durango up a notch to CCC from D as the company concluded its debt restructuring. It also assigned a CCC/RR4 rating for its 2016 notes and affirmed and withdrew the CC/RR4 rating on its 2017 notes. As a result

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