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Fitch affirms Toyota Financial Services México's ratings

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Fitch affirms Toyota Financial Services México's ratings

Fitch Ratingson April 29 affirmed the AAA(mex) and long-term and F1+(mex) short-term nationalratings of Toyota Financial ServicesMéxico SA de CV.

The outlookfor the long-term rating is stable.

The ratingsare derived from the support that Toyota Motor Corp. could provide to the Mexicanunit, if necessary and as its ultimate parent, Fitch said. The rating agency considersToyota Financial Services as strategically important to its parent.

Meanwhile, Fitchalso considers existing fund synergies and the tight integration of brand, imageand business perspectives as factors for the ratings.