MONTERREY, Mexico--(BUSINESS WIRE)--Fitch Ratings has today withdrawn the following ratings for ING Bank Mexico (ING Mexico):
--Long-term IDR 'BBB+';
--Short-term IDR 'F2';
--Long-term local currency IDR 'BBB+';
--Short-term local currency IDR 'F2';
--Support Rating '2';
--National-scale long-term rating 'AAA (mex)';
--National-scale short-term rating 'F1+ (mex)';
--National-scale long-term rating of senior unsecured debt 'AAA(mex)'.
Fitch has withdrawn the ratings as ING Mexico is going through a reorganization process; it already received the revocation of its banking license and will be extinct. Therefore, Fitch will no longer have sufficient information to maintain the ratings. Accordingly, Fitch will no longer provide ratings or analytical coverage for ING Mexico.
Additional information is available on www.fitchratings.com.
Applicable Criteria and Related Research:
-- 'Global Financial Institutions Rating Criteria' (Aug. 15, 2012);
-- 'Rating FI Subsidiaries and Holding Companies' (Aug. 10, 2012);
-- 'National Ratings Criteria' (Jan. 19, 2011).
Applicable Criteria and Related Research
Global Financial Institutions Rating Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=686181
Rating FI Subsidiaries and Holding Companies
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=679209
National Ratings Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=595885
Additional Disclosure
Solicitation Status
http://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=789922
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