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LATIN AMERICA: With a growing economy and investment grade rating, Mexico is increasingly viewed as a stable environment for foreign investors. In a bid to maintain its investment grade rating from Moody's and Standard and Poor's, an official for the parent company of Kidd Creek in Timmins said in a recent conference call that the company could sell American Racing Equipment. The interim rule provided that a national or state member bank meets the alternative criteria if the bank has a current long-term issuer credit rating from a nationally recognized statistical rating organization that is within the three highest investment grade rating categories used by the organization. |
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