TEXT-Fitch affirms Alto Palermo's notes at 'B/RR3'

Jan 9 - Fitch Ratings has affirmed the following ratings of Alto Palermo S.A. (APSA): --Foreign currency Issuer Default Rating (IDR) at 'B-', Rating Outlook Negative; --Local currency IDR at 'B+', Rating Outlook Negative; --USD120 million senior unsecured notes due in 2017 at 'B/RR3'; --National scale rating at 'AA+(arg)', Rating Outlook Stable; --National scale senior unsecured notes at 'AA+(arg)'; --National scale equity rating at '1'. The 'RR3' recovery rating reflects good recovery prospec