Fitch ups select Latin American corporates

Fitch s said it upgraded the foreign-currency issuer default ratings of selected Latin American corporates. These rating actions follow Fitch's upward revision of certain country ceilings.

Fitch upgraded the foreign-currency debt ratings of AES El Salvador SA de CV to BBB- from BB+, America Movil SA de CV to BBB+ from BBB+, Aracruz Celulose SA to BBB from BBB-, Companhia Petrolifera Marlim to BB+ from BB-, Companhia Siderurgica Nacional to BBB- from BB+, GOL Linhas Aereas Inteligentes SA to BB+ from BB, Kimberly-Clark de Mexico SA de CV to A from A-, Ripasa SA Celulose e Papel to BB+ from BB, Samarco Mineracao SA to BBB from BBB-, Tele Norte Leste Participacoes SA to BB+ from BB, Telefonica del Peru SA to BB+ from BB, Telemar Norte Leste SA to BB+ from BB, Telefonos de Mexico SA de CV to A- from BBB+, Votorantim Participacoes SA to BBB from BBB- and senior unsecured bonds due 2014 upgraded to BBB from BBB-.

The agency also upgraded Petrolifera Marlim's secured medium-term notes to BB+ from BB-; Siderurgica Nacional's senior unsecured notes and perpetual bond to BBB- from BB+; GOL Linhas Aereas Inteligentes's perpetual bonds to BB+ from BB; Kimberly-Clark de Mexico's senior unsecured notes due 2009 to A from A-; Telefonos de Mexico's senior unsecured notes to A- from BBB+; and Votorantim's senior unsecured bonds due 2014 to BBB from BBB-.

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