Urbi Gets Second CCC Mark

Urbi Gets Second CCC Mark

Mexico Corporate & Sovereign Strategy

S&P has downgraded Mexican homebuilder Urbi Desarrollos Urbanos (Urbi)’s rating to CCC from B, it says, following a similar move last week from Fitch. The change is driven by a drop in liquidity of MXP3.4bn ($268m) during 4Q 2012, as well as financia

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