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

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

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

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