Business Services Industry
Grupo Elektra, S.A. de C.V.(COMPANY NEWS)
Business Mexico, July, 2005
Fitch Ratings has affirmed and withdrawn the 'BB-' international scale foreign and local currency ratings of Grupo Elektra, S.A. de C.V. The agency said it had withdrawn the ratings in consistency with Fitch's policies, due to the pay-down of all of the company's dollar-denominated bonds. Fitch will no longer provide international analytical service or coverage to this issuer.
Fitch has also affirmed Elektra's national scale short-term rating of 'F2(mex)' and will continue to follow the company on the national scale.
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