Fitch Takes Actions on Mexican FIs after Sovereign Outlook Revision to Negative

MONTERREY, Mexico–(BUSINESS WIRE)–Fitch Ratings has conducted a portfolio review of selected Mexican Financial Institutions (FIs) following the revision of Mexico’s sovereign rating Outlook to Negative from Stable on Dec. 9, 2016. (See ‘Fitch Revises Outlook on Mexico to Negative; Affirms IDRs at ‘BBB+’ at ‘www.fitchratings.com’.) The portfolio review includes Mexican FIs with Issuer Default Ratings (IDRs), Viability Ratings (VRs) or Insurer’s Financial Strength Ratings (IFS ratings) that are