Moody's gives Deutsche Securities México currency A2/Prime-2

Moody's Investors Service said it assigned long and short-term global local currency issuer ratings of A2/Prime-2, with negative outlook, to Deutsche Securities SA de CV Casa de Bolsa.

On its Mexican national-scale, Moody's said it assigned Aaa.mx//MX-1 issuer ratings, with stable outlook.

Moody's also indicated that Deutsche Securities México's ratings are aligned to those of its sister company, Deutsche Bank México, SA de CV, to reflect the connections between them and their ultimate parent, Deutsche Bank A.G.

Moody's also noted that Deutsche Securities México's ratings reflect the company's small scale overall and the limited business potential given its monoline business nature, which result in less stable earnings thus limiting the company's stand alone credit standing.

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