Fitch affirms Nafin

Fitch Ratings said it affirmed Nacional Financiera's (Nafin) long-term foreign-currency issuer default rating at BBB+, short-term foreign-currency rating at F2, long-term local-currency issuer default rating at A-, short-term local-currency rating at F2, support rating at 2, support rating floor at BBB+, long-term national-scale rating at AAA(mex), short-term national-scale rating at F1+(mex) and local senior unsecured debt issues at AAA(mex).

The outlook is stable.

The agency said Nafin's ratings reflect the strength of the explicit support that the bank would receive from the Mexican government, if required, as well as its importance as a development bank to the country.

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