Fitch Releases 2014 Mexico National Ratings Transition and Default Study

NEW YORK--(BUSINESS WIRE)-- Fitch Ratings today published a special report titled 'Fitch Mexico National Ratings 2014 Transition and Default Study'. The study provides transition and default data on the performance of Fitch Mexico national ratings for both corporate finance (including financial and non-financial corporates) and structured finance in 2014 and over the long-term period 2002-2014.

The Mexican National Rating scale provides a relative measure of creditworthiness for rated entities within Mexico. Under this rating scale, an 'AAA(mex)' long-term National Rating will be assigned to the lowest relative risk within the country, which, as in most but not all cases, will be that of the sovereign state.

The National Rating scale merely ranks the degree of perceived risk relative to the lowest default risk in that same country. National Ratings exclude the effects of sovereign and transfer risk and exclude the possibility that investors outside the country may be unable to repatriate any due interest and principal repayments. It is not related to the rating scale of any other national market. National scale ratings are not directly comparable with the international ratings or with national ratings in other countries. Consequently they are identified by the addition of a special identifier for the country concerned, such as 'AAA(mex)' for National Ratings in Mexico.

The special report is available on Fitch's websites 'www.fitchmexico.com' and 'www.fitchratings.com' under Rating Transition & Default Studies. This report should be read in conjunction with Fitch's National Scale Ratings Criteria, dated October 2013.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research: Fitch Mexico National Ratings 2014 Transition and Default Study

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=863919

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

Fitch Ratings
Charlotte Needham
Senior Director
Criteria Group
Fitch Ratings, Inc.
33 Whitehall St.
New York, NY 10004
+1-212-908-0794
[email protected]
or
Fitch Mexico
Alejandro Garcia, CFA
+52 (81) 8399-9146
[email protected]
or
Sergio Rodriguez, CFA
+52 81 8399-9100
[email protected]
or
Rene Ibarra
+52 (81) 8399-9130
[email protected]
or
Media Relations
Elizabeth Fogerty, +1 212-908-0526
[email protected]

Source: Fitch Ratings

You May Also Be Interested In

• 6 Best Crypto Presales as AlphaPepe Turns Bitcoin’s Two-Week Low Into Small-Bet FOMO
• DELLA Celebrates 14th Anniversary with Annual DELLA Day and Announces New Build Your Own System Experience
• Now, More Than Ever: Thousands of Cyclists and Volunteers Unite for 2026 Pan-Mass Challenge, Raising Critically Needed Funds for Cancer Research and Care