CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed the ratings assigned to Arcor S.A.I.C. (Arcor). The Rating Outlook is Negative. A full list of rating actions follows at the end of this press release. KEY RATING DRIVERS Arcor's ratings reflect its strong business position as a leading Latin American producer of confectionary and cookie products, supported by its exports to over 120 countries as well as its conservative capital structure and manageable liquidity. These factors have enabled A
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