TEXT - Fitch takes rating actions on Axtel S.A.B. de C.V.

Jan 31 - Fitch Ratings has downgraded Axtel, S.A.B. de C.V.'s
(Axtel) IDRs as follows:

--Local currency Issuer Default Rating (IDR) to Restricted Default 'RD' from
'C';

--Foreign currency IDR to 'RD' from 'C';

--Long Term National Scale Rating to 'RD(mex)' from 'C(mex)'.

Fitch's downgrade reflects the company's announcement of the successful
completion of the exchange offer, which is considered by Fitch as a distressed
debt exchange (DDE). Holders of 51.6% of the US$275 million seni

tax write offs car