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Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.</description><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Telecom Argentina S.A</fitch:company><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80089648</fitch:companyid><pubDate>5/8/2008 2:17:00 PM</pubDate><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01030400</fitch:industry><fitch:price xmlns:fitch="http://www.alacra.com/fitch">85</fitch:price><fitch:report xmlns:fitch="http://www.alacra.com/fitch">Press Release</fitch:report><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">TECO2</fitch:ticker><title>Fitch confirma en AA-(arg) los titulos de Telecom Argentina</title><fitch:docid xmlns:fitch="http://www.alacra.com/fitch">419856_pr_frame</fitch:docid><category>Credit &amp; Investment Research</category><alacra:ip>Fitch Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/fitch/382746_report_frame</link><guid isPermaLink="false">fitch/382746_report_frame</guid><fitch:index_mode xmlns:fitch="http://www.alacra.com/fitch">pdf</fitch:index_mode><description>Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.</description><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Acer Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Advanced Micro Devices, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Agilent Technologies, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Arte Grafico Editorial Argentino S.A.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Belo Corporation</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Charter Communications, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Cincinnati Bell Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Cogeco Cable Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Comcast Corporation</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Compahnia Telecomunicacoes do Brasil Central S.A.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Compania de Telecomunicaciones de Chile S.A.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Compania De Telecomunicaciones De El Salvador, S.A. De C.V.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Computer Sciences Corporation</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Daily Mail and General Trust plc</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Deutsche Telekom AG</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">DISH Network Corp.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Eastern Broadcasting Co. Ltd</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Eastman Kodak Company</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Electronic Data Systems Corporation</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Embarq Corp</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Empresa de Telefonos de Bogota S.A. (ETB)</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">FairPoint Communications, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Freescale Semiconductor, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Hanarotelecom Incorporated</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Hipica Rioplatense Uruguay S.A.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Insight Communications Company, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Intelsat Ltd</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">ITV plc</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Latin America Movie Theatres, S.A.P.I. de C.V.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Matsushita Electric Industrial Co.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">McClatchy Company</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Moneygram International Inc</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Motorola, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">O2 plc</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Oracle Corporation</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Reed Elsevier NV</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Reed Elsevier plc</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Regal Entertainment Group, Inc.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Sanmina-SCI Corporation</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Sanyo Electric Company, Ltd.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Sharp Corporation</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Sibirtelecom</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Sony Corporation</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Spansion Inc</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Sprint Nextel Corp</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Ste Francaise du Radiotelephone  (SFR)</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">STMicroelectronics</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Telecom Argentina S.A</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Telecom Italia SpA</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Telecom Personal S.A.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Telefonica de Argentina S.A.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Telefonica del Peru</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Telefonica SA</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Telekomunikacja Polska S.A.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Telkom S.A. Ltd.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Telstra Corporation Ltd.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Texas Instruments Incorporated</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">The Dun &amp; Bradstreet Corporation</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">UAB Bite Lietuva</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Unisys Corporation</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">UralSvyazInform</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">WIND Hellas Telecommunications S.A</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Wind Telecomunicazioni Spa</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Windstream Corporation</fitch:company><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80088920</fitch:companyid><fitch:companyid 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xmlns:fitch="http://www.alacra.com/fitch">86665926</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">86730926</fitch:companyid><pubDate>4/16/2008 2:17:00 PM</pubDate><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01000000</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01010000</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01020100</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01030000</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01030200</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01030400</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01030500</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01030700</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01031500</fitch:industry><fitch:industry 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xmlns:fitch="http://www.alacra.com/fitch">9953</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">A</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">AMD</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">BLC</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">CBB</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">CCA</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">CHTR</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">CMCSA</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">CSC</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">CTC.A</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">DISH</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">DMGO</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">DNB</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">DTE</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">EDS</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">EK</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">ENCO</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">EQ</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">ETB</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">FRP</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">ITV</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">MGI</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">MNI</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">MOT</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">ORCL</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">REL</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">REN</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">RGC</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">S</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">SANM</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">SPSN</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">TEAR1</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">TECO2</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">TEF</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">TELEFBC1</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">TIT</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">TKG</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">TLS</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">TPS</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">TXN</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">UIS</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">URSI</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">WIN</fitch:ticker><title>Global TMT Credit Quarterly</title><fitch:docid xmlns:fitch="http://www.alacra.com/fitch">382746_report_frame</fitch:docid><category>Credit &amp; Investment Research</category><alacra:ip>Fitch Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/spcred/635485</link><guid isPermaLink="false">spcred/635485</guid><spcred:index_mode xmlns:spcred="http://www.alacra.com/spcred">norm</spcred:index_mode><description>The latest Summary from S&amp;P</description><title>Summary: Telecom Argentina S.A.</title><pubDate>3/13/2008 3:30:43 PM</pubDate><spcred:type xmlns:spcred="http://www.alacra.com/spcred">Summary</spcred:type><spcred:price xmlns:spcred="http://www.alacra.com/spcred">175</spcred:price><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">global</spcred:dataset><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">structured</spcred:dataset><spcred:docid xmlns:spcred="http://www.alacra.com/spcred">635485</spcred:docid><spcred:index_entry_dispcountry xmlns:spcred="http://www.alacra.com/spcred">Argentina</spcred:index_entry_dispcountry><spcred:index_entry_dispgics xmlns:spcred="http://www.alacra.com/spcred">Integrated Telecommunication Services</spcred:index_entry_dispgics><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Emerging Markets</spcred:index_entry_dispregion><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Latin America</spcred:index_entry_dispregion><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Global Issuers</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Structured Finance</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Corporations</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Asset-Backed Securities</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Collateralized Debt Obligations</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">High Technology</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Telecommunications &amp; Cable</spcred:index_entry_dispsector><spcred:index_entry_disptype xmlns:spcred="http://www.alacra.com/spcred">Summary</spcred:index_entry_disptype><spcred:index_entry_excerpt xmlns:spcred="http://www.alacra.com/spcred">Standard&amp;Poor's Ratings Services' ratings on Telecom Argentina S.A. (TECO) reflect the challenges of operating in Argentina and certain exposure to currency mismatch risks (as most of the debt is denominated in foreign currencies while cash generation is in Argentine pesos). These factors are partly mitigated by an improving financial profile (due to the significant growth in cash generation and decline in debt levels) and by TECO's efficient operations and good market position as one of the two incumbent telephone companies and a mobile service provider in Argentina. Regulatory risk in the Argentine telecom industry is high. In March 2006, TECO signed a memorandum of understanding with the government regarding the renegotiation of its license. Implementation of the agreement</spcred:index_entry_excerpt><spcred:index_entry_primcountry xmlns:spcred="http://www.alacra.com/spcred">ARG</spcred:index_entry_primcountry><spcred:index_entry_primcusip xmlns:spcred="http://www.alacra.com/spcred">879273</spcred:index_entry_primcusip><spcred:index_entry_primgics xmlns:spcred="http://www.alacra.com/spcred">50101020 501010 5010 50</spcred:index_entry_primgics><spcred:index_entry_primissuer xmlns:spcred="http://www.alacra.com/spcred">Telecom Argentina S.A.</spcred:index_entry_primissuer><spcred:index_entry_primissuerid xmlns:spcred="http://www.alacra.com/spcred">303148</spcred:index_entry_primissuerid><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">EMERGING</spcred:index_entry_primreg><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">LATAMERICA</spcred:index_entry_primreg><spcred:index_entry_primticker xmlns:spcred="http://www.alacra.com/spcred">TECO2@AR</spcred:index_entry_primticker><spcred:index_entry_reporttype xmlns:spcred="http://www.alacra.com/spcred">SUMMARY</spcred:index_entry_reporttype><spcred:index_entry_seccountry xmlns:spcred="http://www.alacra.com/spcred">ITA</spcred:index_entry_seccountry><spcred:index_entry_seccusip xmlns:spcred="http://www.alacra.com/spcred">87927W</spcred:index_entry_seccusip><spcred:index_entry_secgics xmlns:spcred="http://www.alacra.com/spcred">50101020 501010 5010 50</spcred:index_entry_secgics><spcred:index_entry_secissuer xmlns:spcred="http://www.alacra.com/spcred">Telecom Italia SpA</spcred:index_entry_secissuer><spcred:index_entry_secissuerid xmlns:spcred="http://www.alacra.com/spcred">346763</spcred:index_entry_secissuerid><spcred:index_entry_secreg xmlns:spcred="http://www.alacra.com/spcred">ASIA</spcred:index_entry_secreg><spcred:index_entry_secreg xmlns:spcred="http://www.alacra.com/spcred">EMERGING</spcred:index_entry_secreg><spcred:index_entry_secreg xmlns:spcred="http://www.alacra.com/spcred">EUROMIDAFR</spcred:index_entry_secreg><spcred:index_entry_secreg xmlns:spcred="http://www.alacra.com/spcred">LATAMERICA</spcred:index_entry_secreg><spcred:index_entry_secreg xmlns:spcred="http://www.alacra.com/spcred">USA</spcred:index_entry_secreg><spcred:index_entry_secticker xmlns:spcred="http://www.alacra.com/spcred">TIT@IM</spcred:index_entry_secticker><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">GLOBISS</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">STRUC</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">CORP</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">ABS</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">CDO</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">High</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">Telecommunications</spcred:index_entry_sector><category>Credit &amp; Investment Research</category><alacra:ip>S&amp;P Credit Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/fitch/410832_pr_frame</link><guid isPermaLink="false">fitch/410832_pr_frame</guid><fitch:index_mode xmlns:fitch="http://www.alacra.com/fitch">html</fitch:index_mode><description>Fitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.</description><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Alusa</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">America Textil S.A.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Estado Libre y Soberano de Tabasco</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">IRSA Inversiones y Representaciones S.A.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Mutual Guapay</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Pachuca, Hgo</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Parque Arauco S.A.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Profuturo Compania de Seguros de Vida S.A.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Puerto Penasco, Son</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Renta Nacional Compania de Seguros de Vida S.A.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Telecom Argentina S.A</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Telecom Personal S.A.</fitch:company><fitch:company xmlns:fitch="http://www.alacra.com/fitch">Telefonica de Argentina S.A.</fitch:company><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80089648</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80092139</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80360899</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80360955</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80417179</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80442367</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80525248</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80525251</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80775185</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80968531</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">80968664</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">81310905</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">81860415</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">82238700</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">82238773</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">82542509</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">83435831</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">83436015</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">83436067</fitch:companyid><fitch:companyid xmlns:fitch="http://www.alacra.com/fitch">85857473</fitch:companyid><pubDate>3/11/2008 2:34:00 PM</pubDate><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01010000</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01010300</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01020100</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01030000</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01030400</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01031500</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">01031800</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">03040000</fitch:industry><fitch:industry xmlns:fitch="http://www.alacra.com/fitch">06000000</fitch:industry><fitch:price xmlns:fitch="http://www.alacra.com/fitch">85</fitch:price><fitch:report xmlns:fitch="http://www.alacra.com/fitch">Press Release</fitch:report><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">IRSA</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">PARAUCO</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">TEAR1</fitch:ticker><fitch:ticker xmlns:fitch="http://www.alacra.com/fitch">TECO2</fitch:ticker><title>Fitch Releases February Summary of Latin America Rating Actions</title><fitch:docid xmlns:fitch="http://www.alacra.com/fitch">410832_pr_frame</fitch:docid><category>Credit &amp; 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