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Banco Nacional de M?xico S.A. (Banamex) 'BBB/A-3' Global Scale, 'mxAAA/mxA-1+' National Scale Ratings Affirmed Jul 11
Standard & Poors, July 2011
Abstract
A strong market position and an above-average financial profile, reflected in a good stand-alone creditworthiness, are Banamex's main strengths. We are affirming our ratings on Banamex, including the 'BBB/A-3' global scale and 'mxAAA/mxA-1+' national scale corporate credit ratings. We believe Banamex will keep its above-average financial profile, supported by a good internal generation capacity. MEXICO CITY (Standard & Poor's) July 15, 2011--Standard & Poor's Ratings Services said today that it affirmed its ratings on Banco Nacional de M-xico S.A. (Banamex), including the 'BBB/A-3' global scale and 'mxAAA/A-1+' national scale counterparty credit ratings. The outlook remained stable. The ratings on Banamex reflect its leading position in the Mexican banking industry, and its above-average financial profile supported by strong risk-adjusted capital (RAC)...
Companies mentioned in this report are: Banco Nacional de Mexico S.A.,Citibank N.A.,Citigroup Inc.,Citigroup Funding Inc.
Action: Affirmed
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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