Moody's: Papelero Scribe outlook stable

Moody's Investors Services said that it continues to maintain a stable outlook for Grupo Papelero Scribe, SA de CV's Ba3 corporate family rating and Ba3 $300 million 8 7/8% senior unsecured notes despite the significant run-up of global pulp prices since early 2010.

The outlook is based on the agency's current view that credit metrics, while under pressure compared to 2009, are likely to remain in line with levels acceptable for the Ba3 rating category in 2010.

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