Fitch affirms Grupo Senda

Fitch Ratings said it has affirmed Grupo Senda Autotransporte, SA, de CV's B+ local and foreign currency issuer default ratings.

The outlook is stable.

Fitch said it has also affirmed the B+/RR4 ratings of Grupo Senda's $150 million senior secured guaranteed notes due in 2015.

According to the agency, Grupo Senda's ratings reflect the company's relatively high financial leverage and its solid competitive position as a leading provider of intercity bus passenger services in Mexico.

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