NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the foreign and local currency Issuer Default Ratings (IDRs) of Capex S.A. (Capex) at 'CCC' and 'B-', respectively. Fitch has also affirmed the 'CCC' long term rating for Capex's March 2018 senior unsecured notes totaling USD200 million. Fitch is assigning an 'RR4' Recovery Rating to the international notes. The 'RR4' for the company's senior unsecured notes outstanding reflects an average expected recovery given default and is in line with
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