MONTERREY, Mexico--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'BBB' and 'AAA(mex)' ratings assigned to the following Concesionaria Mexiquense, S.A. de C.V. (Conmex) debt issuances and maintained them on Rating Watch Negative:
--UDI1.6 billion notes due 2035;
--UDI0.6 billion notional amount zero-coupon notes due 2046;
--MX$6.5 billion Goldman Sachs loan due 2027.
Fitch has also maintained on Rating Watch Negative the 'AAA(mex)' rating on the UDI1.5 billion notes placed in the local market in August 2014.
The decision to maintain the Negative Watch assigned in May 2015 reflects the fact that at present there is no resolution with respect to the audits and investigations conducted by the Mexican authorities in relation to the alleged illicit activities involving OHL Mexico (sponsor). The ultimate outcome of these investigations could lead to the resolution of the Negative Watch.
Additional information is available at 'www.fitchratings.com'.
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