Fitch ups El Mazraa outlook to positive

Fitch Ratings said it changed El Mazraa's outlook for its national long-term rating to positive from stable.

At the same time, Fitch said it has affirmed El Mazraa's national ratings at long-term BBB(tun) and short-term F3(tun).

The positive outlook reflects the improvement of El Mazraa's business profile since late 2006 and the positive trend for margins, earnings and free cash flow, which contributed to lower debt and leverage, the agency noted.

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