Fitch: Latam notes’ outlook negative

Fitch Ratings said it has affirmed the following rating assigned to the 2013-1 notes issued by Guanay Finance Ltd., a special purpose vehicle sponsored by Latam Airlines Group SA: $450 million of series 2013-1 senior secured fixed-rate notes at BB+.

The outlook is revised to negative from stable.

The agency said that the issue is backed by U.S. and Canadian dollar-denominated ticket receivables originated by Latam.

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