Press Release

DBRS Discontinues-Withdraws Ratings on Nacional Financiera, S.N.C.

Banking Organizations
June 15, 2018

DBRS Limited (DBRS) discontinued and withdrew its ratings on Nacional Financiera S.N.C. (Nafin or the Bank) as listed in the rating table below. The decision to withdraw the ratings was made at DBRS’s discretion. The last rating action on Nafin was on April 23, 2018, when the Bank’s ratings were confirmed, including the Long-Term Issuer Rating of BBB (high) and Short-Term Issuer Rating of R-1 (low) on the Global Scale, with a Stable trend.

All figures are in Mexican pesos unless otherwise noted.

The related regulatory disclosures pursuant to the National Instrument 25-101 Designated Rating Organizations are hereby incorporated by reference and can be found by clicking on the link to the right under Related Research or by contacting us at

Lead Analyst: Maria-Gabriella Khoury, Vice President, Canadian Financial Institutions Group
Rating Committee Chair: Michael Driscoll, Managing Director, Head of NA FIG

The rated entity or its related entities did participate in the rating process. DBRS had access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.

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