TEXT-Fitch affirms Cresud's IDR at 'B-'

Jan 9 - Fitch Ratings has affirmed the ratings of Cresud S.A.C.I.F. y A. (Cresud) as follows: --Foreign Currency Issuer Default Rating (IDR) at 'B-'; Outlook Negative; --Local Currency Issuer Default Rating (IDR) at 'B-'; Outlook Negative; --USD60 million senior unsecured bullet notes due in 2014 at 'B-/RR4'; --National Scale at 'AA-(arg)'; Outlook Stable --National Scale Senior Unsecured Notes at 'AA-(arg)'; --Equity Rating at Category 1. Cresud's foreign currency (FC) IDR is constrained at