Fitch: Banco Santander Mexico notes BBB+

Fitch Ratings said it expects to assign a BBB+ rating to the planned issuance of Banco Santander Mexico's dollar-denominated fixed rate senior unsecured notes. The amount of these notes could be up to $1 billion, with a tenor for up to 10 years.

The agency said the BBB+ expected rating of these senior notes is aligned to the bank's BBB+ long-term issuer default ratings, which reflects that these notes rank pari passu with other senior obligations.

In turn, the issuer default ratings are aligned to its viability rating of bbb+, indicating that its credit quality is driven by the bank's intrinsic financial profile.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.