Fitch Takes Rating Actions on Mexican Midsized Banks Following Peer Review
Banco Interacciones, S.A.:
--Long-term foreign and local currency IDRs to 'BB+' from 'BB'; Outlook revised to Stable from Positive;
--Viability rating to 'bb+' from 'bb';
--National scale long-term rating to 'A+(mex)' from 'A(mex)'; Outlook revised to Stable from Positive;
--National scale long-term rating for local senior unsecured debt issues to 'A+(mex)' from 'A(mex)';
--National scale long-term rating for local subordinated debt issues to 'BBB+(mex) from 'BBB(mex)'.
Fitch has also affirmed the ratings for the following banks:
Banco Interacciones, S.A.:
--Short-term foreign and local currency IDRs at 'B';
--Support rating at '5';
--Support rating floor at 'NF';
--National scale short-term rating at 'F1(mex)'.
Banco del Bajio, S.A.:
--Long-term foreign and local currency IDRs at 'BBB-'; Outlook Stable;
--Short-term foreign and local currency IDRs at 'F3';
--Viability rating at 'bbb-';
--Support Rating at '4';
--Support Rating Floor at 'BB-';
--National scale long-term rating at 'AA-(mex)'; Outlook Stable;
--National scale short-term rating at 'F1+(mex)'.
Banco Regional de Monterrey, S.A.:
--National-scale long-term rating at 'AA(mex)'; Outlook Stable;
--National-scale short-term rating at 'F1+(mex)'.
Fitch has published Rating Action Commentaries (RACs) for each of these banks, which are available on www.fitchratings.com and www.fitchratings.mx. These RACs include each issuer's key rating drivers and sensitivities, as well as the list of all rating actions taken.
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