(Bloomberg) -- Hurricane Patricia hit Mexico’s west coast in anarea between commercial centers and rapidly broke down into atropical storm, sparing Latin America’s second-biggest economy froma feared catastrophe.

Early reports from local media indicate Patricia caused somedamage in the states of Jalisco and Colima, and power was lost insome villages. Puerto Vallarta, a beach resort destination north ofthe hurricane’s landfall, was reported to have moderated rain andits main services unaffected, newspaper Reforma said on itswebsite.

Patricia -- which before making landfall was the strongest stormever recorded in the Western Hemisphere -- was downgraded to atropical storm at 7:53 a.m. New York time after making landfallFriday evening near Cuixmala as a Category 5 hurricane, the highestlevel on the Saffir-Simpson scale. El Universal reported on itswebsite that Jalisco state endured damages with no casualties.

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