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Fitch Downgrades Metrofinanciera's Perpetual Subordinated Notes to 'C/RR6' and Individual to 'F' (Business Wire via Yahoo! Finance)
MONTERREY, Mexico----Fitch has downgraded the USD100 million 11.25% perpetual non-cumulative subordinated step-up notes issued by the Mexican mortgage company Metrofinanciera, S.A. de C.V. to 'C/RR6' from 'CCC-/RR6', following the deferral of the coupon due on November 18, 2008 for USD 2.8 million.
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