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Fitch rates TAM's proposed notes 'BB-'

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16-Oct-2009 Fitch Ratings has assigned a 'BB-' rating to TAM S.A's (TAM) USD300 million proposed senior guaranteed notes due 2019. These notes will be issued through TAM's subsidiary, TAM Capital 2 Inc and will be unconditionally guaranteed by TAM and TAM Linhas Aereas S.A. Proceeds from the proposed issuance will be used to enhance the company's cash balance and for general corporate purpose.

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