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Published on 12/23/2004 in the Prospect News Emerging Markets Daily.

Fitch affirms Molinos

Fitch Ratings said it affirmed Molinos Rio de la Plata SA's international scale local currency rating at B-. The rating also applies to Molinos' senior secured export notes. The outlook is stable.

Fitch said the ratings reflect the Molinos' ability to earn dollar-based revenues through exports.

The ratings also reflect a leading business position in domestic branded food products, according to Fitch.


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