BUENOS AIRES, Argentina--(BUSINESS WIRE)-- Fitch Ratings has affirmed the following ratings of Arcor S.A.I.C. (Arcor): -- Foreign currency Issuer Default Rating (IDR) at 'B+'; -- Local currency IDR at 'BB-'; -- USD200 million senior unsecured notes due 2017 at 'B+/RR4'; -- National scale rating at AA+(arg); -- USD200 million senior unsecured notes due 2017 national scale rating at AA+(arg) The Rating Outlook is Stable. Arcor's 'BB-' local currency IDR reflects the company's strong business position as a leading Latin American producer of confectionary and cookie products. Arcor enjoys strong brand equity in Argentina due to its comprehensive distribution network and its presence in the country for more than 60 years.