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Prospect News home > News index > List of issuers U > Headlines for Urbi Desarrollos Urbanos SAB de CV > News item
Published on 3/4/2013 in the Prospect News Distressed Debt Daily and Prospect News Emerging Markets Daily.

S&P cuts Urbi Desarrollos Urbanos, on watch

Standard & Poor's said it lowered its corporate credit and issue ratings on Urbi Desarrollos Urbanos SAB de CV to CCC from B and placed them on CreditWatch with negative implications.

S&P said the downgrade reflects Urbi's depleted liquidity during the last quarter of 2012 after its cash position plunged to Ps. 2.5 billion from Ps. 5.8 billion a quarter before.


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