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Fitch affirms ratings on Mexico's government-affiliated financial institutions

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Fitch affirms ratings on Mexico's government-affiliated financial institutions

Fitch Ratings on May 6 affirmed the ratings on 11 financial institutionsaffiliated with the Mexican government after a peer ratings review.

The rating agency said it affirmed the BBB+ and F2 long- andshort-term foreign currency issuer default ratings for Nacional Financiera SNC, Banco Nacional de Comercio Exterior SNC, and Instituto del Fondo Nacional dela Vivienda para los Trabajadores. It also affirmed those entities'long- and short-term local currency issuer default ratings at A- and F2, respectively.

Fitch also affirmed the national long-term ratings of AAA(mex)and national short-term ratings of F1+(mex) on Sociedad Hipotecaria Federal SNC, Banco Nacional del Ejército Fuerza Aérea y Armada SNC and  Bancodel Ahorro Nacional y Servicios Financieros SNC.

The ratings outlook is stable for all of the financial institutions,Fitch said.

Other institutions involved in the review were: Instituto parala Proteccion al Ahorro Bancario, Instituto del Fondo Nacional para el Consumo delos Trabajadores, Fondeo Especial para Financiamientos Agropecuarios and Fideicomisode Fomento Minero.