Moody's reviews BBVA Bancomer, Banco Santander (Mexico)

Moody's Investors Service said it is continuing to review for downgrade the ratings of BBVA Bancomer, SA and Banco Santander (Mexico), SA following the downgrade of their parent banks, Banco Bilbao Vizcaya Argentaria, SA and Banco Santander SA of Spain, respectively.

The ratings that remain on review for possible downgrade for BBVA Bancomer, SA are the standalone bank financial strength rating of C+, the long-term global local currency deposit rating of A1, the long-term global local currency senior unsecured debt rating of A1, the long-term global local currency subordinated debt rating of A2 and the long-term global local currency junior subordinated debt rating of hybrid A2.

Banco Santander (Mexico), SA's C bank financial strength rating also remains on review for downgrade.

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