Fitch: Iansa still on watch

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

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

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

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