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Veracruz, State of -- Moody's upgrades the Mexican National Scale issuer rating of the State of Veracruz to B2.mx, changes the outlook to stable

Moody's de Mexico S.A. de C.V. ("Moody's") upgraded the Mexican National Scale issuer rating of the State of Veracruz to B2.mx from B3.mx. Moody's also affirmed Veracruz's issuer rating of Caa1 (Global Scale, local currency), and changed the outlook on the ratings to stable from negative.