Moody's affirms Sociedad Hipotecaria

Moody's de Mexico said that it affirmed Sociedad Hipotecaria Federal, SNC's Aaa.mx national scale issuer rating, Baa1 global scale local currency issuer rating and Baa1 global scale foreign currency issuer rating.

In addition, Moody's affirmed Sociedad's short-term promissory note program at MX-1, P-2 and the entity's senior unsecured debt at Baa1.

The outlook is stable, mirroring the outlook for Mexico.

Moody's said these ratings reflect Sociedad Hipotecaria Federal's status as a 100% government-owned entity whose obligations are fully guaranteed by the Mexican Government, its important role in Mexican housing finance and its favorable financial profile.

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