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Fitch Rates Mexico's 2028 USD Bonds 'BBB+'.

New York: Fitch Ratings has assigned a 'BBB+' rating to Mexico's USD2.56 billion in notes, maturing Jan. 11, 2028. The notes have a coupon of 3.750%.

Proceeds from this issuance will be used for the refinancing, repurchase or retirement of domestic and/or external bonds and otherwise for the general purposes of the government of Mexico.

KEY RATING DRIVERS

The bond rating is in line with the Mexico's Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'BBB+'.

RATING SENSITIVITIES

The bond rating would be sensitive to any changes in Mexico's LT Foreign Currency IDR. Fitch affirmed Mexico's LT Foreign Currency IDR at 'BBB+' and revised the Rating Outlook to Stable from Negative on Aug. 2, 2017.

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Publication:Daily the Pak Banker (Lahore, Pakistan)
Geographic Code:1MEX
Date:Mar 21, 2018
Words:117
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