Mexico, August 30, 2016 -- Moody's de México (Moody's) today confirmed the Municipality of Mexicali's issuer ratings at Caa1/B3.mx, and revised the outlook on the ratings to negative from ratings under review for a downgrade. At the same time, Moody's confirmed the ratings for a MXN 814 million enhanced loan (original amount) with Banobras at B1/Baa3.mx.
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