Fitch rates Inmobiliaria Vesta notes BBB-

Fitch Ratings said it assigned BBB- ratings to Corporacion Inmobiliaria Vesta, SAB de CV’s proposed $70 million notes due June 2029 and $15 million notes due June 2031.

Proceeds from the proposed issuances will be used for general corporate purposes, which may include primarily debt substitution extending the company's debt maturity profile as well as funding working capital and capex requirements.

The outlook is stable.

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