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Durango, State Of -- Moody's downgrades the State Of Durango's ratings to Ba2/A2.mx from Ba1/A1.mx and will withdraw the ratings

Moody's de Mexico S.A. de C.V (Moody's) downgraded today the State Of Durango's issuer ratings to Ba2/A2.mx (Global Scale rating/Mexican National Scale rating) from Ba1/A1.mx, and changed the outlook to negative from stable. Moody's also downgraded the rating on the State Of Durango's MXN 980 million enhanced loan from BBVA Bancomer to Baa2/Aa2.mx from Baa1/Aa1.mx. Moody's will withdraw the State Of Durango's issuer and debt ratings due to insufficient information on the next business day.