S&PCORRECT: Various Rating Actions Taken on 14 Mexican Corporates

(Editor's Note: This press release, originally published earlier today, incorrectly stated the former sovereign rating for the United Mexican States. The corrected version follows.) NEW YORK (Standard&Poor's CreditWire) March 13, 2000--Following its upgrade of the foreign currency rating for the United Mexican States, Standard&Poor's today revised its foreign currency ratings on 14 Mexican corporations. For 11 of the corporations (see list below), the foreign currency rating is upgraded one notch to double-'B'-plus, following the sovereign upgrade to double-'B'-plus. Three of the corporations have had other rating actions taken, reflecting not only the sovereign rating upgrade, but also changing business conditions within the companies themselves. In the case of Coca-Cola-Femsa, the foreign currency rating is upgraded to

... and strong operating performance. The revision of the foreign currency rating of Kimberly Clark to triple-'B' from triple-'B'-minus--and of its local currency rating outlook to positive from stable--reflects the company's strong links with Kimberly Clark Corporation, its above-average business profile, and its strong financial position. In addition, Standard & Poor's revised the outlook on Grupo Industrial Durango to stable from negative, reflecting improved industry conditions and operating performance. The foreign currency ratings of the following corporations have been upgraded to double-'B'-plus. The local currency ratings and outlooks are affirmed. These rating actions follow the revision of the foreign currency rating of the United Mexican States to double-'B'-plus from double¡'B', Standard & Poor's said. -- CreditWire ISSUER CREDIT RATINGS FOREIGN CURRENCY RATINGS UPGRADED TO '##+'; LOCAL CURRENCY RATINGS, OUTLOOKS AFFIRMED Apasco...

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