Fitch acts on Mexican non-bank financials

Fitch Ratings said it acted on selected Mexican non-bank financial institutions to reflect the downside risks to their credit profiles resulting from the implications of the coronavirus pandemic and in some cases to reflect the recent sovereign downgrade.

Fitch affirmed Credito Real SAB's long-term issuer default ratings, while the rating outlook was revised to negative from stable.

“We placed the ratings of Financiera Independencia SAB de CV (Findep) on rating watch negative, while the RWN was maintained at Unifin Financiera, SAB de CV and Mexarrend SAPI de CV,” the agency said in a press release.

Fitch also downgraded Asigna Compensacion y Liquidacion F30430 FISO Bancomer SA and Contraparte Central de Valores de Mexico, SA de CV to BBB- from BBB+.

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