Fitch Affirms Banobras’ IDRs at BBB- and AAA (mex)
Fitch Ratings affirmed the long- and short-term Issuer Default Ratings (IDRs) of Banco Nacional de Obras y Servicios Públicos, S.N.C. (Banobras) in both foreign and local currency at ‘BBB-‘ and ‘F3′, respectively.
The agency also affirmed Banobras’ National Long-Term Rating at ‘AAA(mex)’ and its National Short-Term Rating at ‘F1+(mex)’.
The assessment is supported by Banobras’ important public policy role, as evidenced by its significant participation in financing projects related to social programs, financial inclusion, and infrastructure development in Mexico.
Source: Fitch Ratings
