S&P: Durango unaffected

Standard & Poor's said the B+ rating on Corporación Durango SAB de CV and its $520 million fixed-rate senior unsecured notes were not affected by changes in the company's bond structure.

Changes consist of one tranche payable at maturity instead of two tranches with a different due date. Despite this change, S&P said it did not account for any previously weak cash flows from the business and that it expects the company to continue improving its key financial ratios.

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