Fitch Withdraws ING Bank Mexico's International and National Ratings

MONTERREY, Mexico--()--Fitch Ratings has today withdrawn the following ratings for ING Bank Mexico (ING Mexico):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Fitch has withdrawn the ratings as ING Mexico is going through a reorganization process; it already received the revocation of its banking license and will be extinct.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

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

Contacts

Fitch Ratings
Primary Analyst
Manuel Valdes
Analyst
+52 818 8399 9157
Fitch Mexico SA de CV
Prol. Alfonso Reyes 2612, Edificio Conexity Piso 8
Col. Del paseo Residencial
64920 Monterrey, N.L., Mexico
or
Secondary Analyst
Monica Ibarra
Director
+52 818 8399 9150
or
Committee Chairperson
Franklin Santarelli
Managing Director
+1 212 908 0739
or
Media Relations:
Elizabeth Fogerty, +1-212-908-0526 (New York)
elizabeth.fogerty@fitchratings.com

Contacts

Fitch Ratings
Primary Analyst
Manuel Valdes
Analyst
+52 818 8399 9157
Fitch Mexico SA de CV
Prol. Alfonso Reyes 2612, Edificio Conexity Piso 8
Col. Del paseo Residencial
64920 Monterrey, N.L., Mexico
or
Secondary Analyst
Monica Ibarra
Director
+52 818 8399 9150
or
Committee Chairperson
Franklin Santarelli
Managing Director
+1 212 908 0739
or
Media Relations:
Elizabeth Fogerty, +1-212-908-0526 (New York)
elizabeth.fogerty@fitchratings.com