Moody's rates Banobras debt Aaa.mx

Moody's de Mexico said it assigned an Aaa.mx long-term Mexican national scale debt rating to Banco Nacional de Obras y Servicios Publicos, SNC's (Banobras) proposed issuance of certificados bursatiles bancarios for up to Ps. 7 billion with a maturity of four years.

The outlook is stable.

The agency said Banobras' debt rating is based on the bank's status as a government-related issuer and on the explicit support of the Mexican government, which is Banobras's majority shareholder.

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