Fitch affirms Ferroviario, Ferrocarril

Fitch Ratings said it affirmed Grupo Ferroviario Mexicano SA de CV's foreign- and local-currency issuer default ratings at BBB- and Ferrocarril Mexicano SA de CV's national scale rating and Mexican peso-denominated bonds at AA(mex).

The outlook is stable.

The agency said the ratings are supported by the companies' strong operational performance, the majority ownership of strong parent company Grupo Mexico SA de CV and their increased contribution to Grupo Mexico's consolidated revenues and EBITDA in 2009.

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