Fitch affirms Iansa

Fitch Ratings said it affirmed and removed from rating watch negative the following issuer default ratings and outstanding debt ratings for Empresas Iansa SA: local currency issuer default rating at B-; foreign currency issuer default rating at B-; senior unsecured notes due 2012 at B+/RR2; and national-scale at BB-(cl).

Iansa's outlook is stable.

Fitch said it has also affirmed the following rating: national-scale equity at level 4.

Iansa's credit profile continues to reflect the low profitability of its main business lines and high levels of leverage, the agency added.

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