Fitch Rates GF SAN Mexico ‘BBB+’ and its Upcoming Perpetual AT1 Notes ‘BB(EXP)’

MONTERREY, Mexico–(BUSINESS WIRE)–Fitch Ratings has assigned ratings to Grupo Financiero Santander Mexico S.A.B. de C.V. (GF SAN Mexico) including its Viability Rating (VR) at ‘bbb+’, Long-term Foreign Currency Issuer Default Ratings (IDRs) at ‘BBB+’, and Short-term Foreign- and Local-Currency Rating at ‘F2’. Fitch has also assigned a Support Rating of ‘2’ and National Long- and Short-term ratings of ‘AAA(mex)/F1+(mex). The Rating Outlook for the long term ratings is Stable. A full list of ra