Fitch affirms Grupo Mexico

Fitch Ratings said it affirmed the foreign currency and local currency issuer default ratings of Grupo Mexico, SA de CV, Southern Copper Corp. and Americas Mining Corp.

Specifically, Grupo Mexico's foreign currency long-term issuer default rating was affirmed at BBB with its local currency long-term issuer default rating at BBB, while Americas Mining's foreign currency long-term issuer default rating was affirmed at BBB.

Southern Copper's foreign currency long-term issuer default rating was affirmed at BBB with its local currency long-term issuer default rating at BBB and unsecured debt issuances at BBB.

The outlook is stable.

Grupo Mexico's investment-grade ratings are supported by the strong financial and operational performance of its diversified subsidiaries in the mining and transportation sectors, the agency said.

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