Fitch affirms Obrascon Huarte

Fitch Ratings said it affirmed Obrascon Huarte Lain's long-term issuer default rating and senior unsecured rating at BB- and its short-term issuer default rating at B.

The outlook is stable.

Fitch said it expects recourse leverage to stabilize between 3x to 2.5x over 2012 and 2013 as international construction contracts more than offset the dismal domestic construction segment.

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