Fitch Downgrades Vitro's IDR to 'D'

Fitch Ratings has downgraded the following ratings for Vitro, S.A.B. de C.V. (Vitro):

--Long-term Issuer Default Rating (IDR) to 'D' from 'C ';

--Long-term foreign currency IDR to 'D' from 'C'.

- National scale long-term rating to 'D(mex)' from 'C(mex)';

- Certificados Bursatiles issuances to 'D(mex)' from 'C(mex)'.

In addition, Fitch has affirmed the following ratings:

--US$300 million senior notes due 2012 at 'CC/RR4';

--US$225 million senior notes due 2013 at 'CC/RR4';

--US$700 million senior notes due 2017 at 'CC/RR4'.

The rating downgrades follow Vitro's announcement that it will not make the payment of the Certificados Bursatiles 'VITRO 03' for approximately MXP150 million plus accrued interest. The 'CC/RR4' rating on Vitro's senior notes reflects average recovery prospects given default.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site,