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Veracruz, State of -- Moody's upgrades Veracruz's issuer ratings to B3/B1.mx and maintains the stable outlook

Moody's de Mexico S.A. de C.V. ("Moody's") upgraded today the issuer ratings for the State of Veracruz to B3/B1.mx from Caa1/B2.mx (Global Scale, local currency/Mexico National Scale), upgraded its baseline credit assessment (BCA) to b3 from of caa1 and maintained the stable outlook.