...MEXICO CITY (S&P Global Ratings) Feb. 13, 2017--S&P Global Ratings said today that its corporate credit and issue-level ratings on Grupo Posadas S.A.B. de C.V. (B+/Stable/--) are not immediately affected by the resolution from the Mexican tax authority, where it claims MXN1.03 billion from the company, including taxes due from the 2007 fiscal exercise, fines, and other related penalties. At this point, we consider that the impact from this resolution is neutral to the company's financial risk profile because Posadas intends to challenge the resolution, and the timing for a potential payment is currently unclear. We don't believe that the potential tax contingency will trigger an immediate cash outlay that would weaken the company's currently adequate liquidity in the near term. We will continue to monitor the resolution's process, as well as any other tax contingencies that may impact the company's financial risk profile. Only a rating committee may determine a rating action and this report...
