Moody's gives Fideicomiso de Fomento certificados bursatiles Prime-3

Moody's Investors Service said it assigned short-term global local currency senior debt rating of Prime-3 to Fideicomiso de Fomento Minero's short-term certificados bursatiles of up to Ps. 1 billion.

At the same time, Moody's said it assigned short-term Mexican national-scale senior debt rating of MX-2 to these instruments.

The agency said that Fideicomiso de Fomento's senior debt ratings take into account the company's issuer ratings, which in turn reflect the application of Moody's rating methodology for government-related issuers.

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