MONTERREY, Mexico--([ BUSINESS WIRE ])--Fitch Ratings has taken the following rating actions on two series of Construction Bridge Loan securitizations (CBLs) originated and serviced by Metrofinanciera, S.A.P.I. de C.V., SOFOM, E.N.R.:
Metrofinanciera Trust 650 Class A
--Long-term 'Dsf' withdrawn;
--National long-term 'D(mex)vra' withdrawn.
Metrofinanciera Trust 650 Class B
--National long-term 'D(mex)vra' withdrawn.
The issuer trust remains but all securitized assets have been sold and the amounts received where insufficient to fully amortize both notes. As of Jul. 31, 2012, the unpaid principal for Class A notes is MXN$1,016.4 million and for Class B notes is MXN$214 million. Once the trust is closed, a small additional principal payment to Class A notes will be made with remaining cash.
Additional information is available at '[ www.fitchratings.com ]'. The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.
Applicable Criteria and Related Research:
--'Global Structured Finance Rating Criteria' (June 6, 2012).
Applicable Criteria and Related Research:
Global Structured Finance Rating Criteria
[ http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=679923 ]
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