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S&P rates AMEX debt issue at mxAAA

Bnamericas
Standard & Poor's Rating Services has assigned a long-term national rating of mxAAA to American Express Company Mexico's (AMEX) 2bn-peso (US$179mn) debt placement, according to an S&P statement to Mexico's stock exchange on Wednesday. The rating reflects AMEX's leading position in the credit card market as well as its improving profitability and high quality of its accounts receivable portfolio.

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