Printer Friendly

FITCH SETS COLLABORATION PACT WITH NEW MEXICAN RATING AGENCY -- FITCH FINANCIAL WIRE --

 FITCH SETS COLLABORATION PACT WITH NEW MEXICAN RATING AGENCY
 -- FITCH FINANCIAL WIRE --
 NEW YORK, July 28 /PRNewswire/ -- Fitch Investors Service has entered into a business relationship with Clasificadora de Riesgos (Clase), a newly authorized and recently established rating agency in Mexico. The relationship enables Fitch and Clase to work on a collaborative basis in assigning ratings to the debt issues of Mexican entities.
 Fitch will continue to assign ratings to the debt instruments of Mexican organizations which are for distribution outside Mexico, principally in the U.S. and Euro markets. Clase will provide input to Fitch on the qualitative factors to be considered by Fitch in rating these issues.
 Clase will assign ratings to the debt instruments of Mexican organizations which are for issue within Mexico. Fitch will provide technical assistance to Clase on the quantitative factors to be considered in the rating process Clase undertakes in rating these issues.
 "We believe this type of cooperative effort gives the financial community the best of all worlds," says David Nixon, executive vice president of Fitch and a member of the board of directors of Clase. "Investors, investment bankers, and issuers alike will benefit from the thorough, consistent and knowledgeable rating process Fitch and Clase conduct on debt instruments of Mexican companies and governmental entities."
 Clasificadora de Riesgos is headquartered in Monterrey, which serves as the headquarters for a large percentage of Mexican corporations. The senior executives of Clase include Eugenio Lopez Macias, a highly respected businessman and former university professor, Enrique Catalan Guzman, previously director of credit of Banco Mercantil de Norte (Banorte), and Eugenio Lopez Garza.
 -0- 7/28/92
 /CONTACT: David Nixon of Fitch, 212-908-0573 or Eugenio Lopez of Clasificadora de Riesgos in Mexico, 011-52-83-477-330, or fax, 011-52-83-477-570/ CO: Clasificadora de Riesgos ST: IN: SU: RTG


LR -- NY016 -- 3910 07/28/92 09:28 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 28, 1992
Words:306
Previous Article:NEW SURVEY BY LOU HARRIS FINDS CONSUMERS ARE WILLING TO INVEST IN ENVIRONMENTAL CHANGES
Next Article:MESA MEDICAL REPORTS INCREASED FIRST QUARTER SALES AND EARNINGS
Topics:


Related Articles
BROWNSVILLE (TEXAS) UTILITIES SYSTEM PRIORITY BONDS RATED 'A' BY FITCH -- FITCH FINANCIAL WIRE --
MASSACHUSETTS $400 MILLION COMMERCIAL PAPER RATED 'F-1+' BY FITCH -- FITCH FINANCIAL WIRE --
FITCH $4.6 BILLION HEALTH CARE SURVEILLANCE DEBUTS ON BLOOMBERG -- FITCH FINANCIAL WIRE --
Fitch Announces Strategic Alliances in Latin America - Fitch Financial Wire -
Fitch Signs Partnership with Thai Rating Agency - Fitch Financial Wire -
Fitch IBCA Acquires Clase In Mexico - Fitch IBCA -
Fitch Affirms Swiss Re Mexico Ratings.
Fitch Lowers Local Currency Rating Of The State of Puebla.
Fitch Announces Harmonized Ratings For North America Financial Institutions.
Fitch Takes Actions on National Scale Ratings in Latin America.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters