Moody’s downgrades Value Casa de Bolsa

Moody's de Mexico said it downgraded Value, SA de CV, Casa de Bolsa (Value Casa de Bolsa)'s global long-term local currency issuer rating to B1 from Ba3, as well as its long and short-term Mexican national scale issuer ratings to Baa2.mx from A3.mx and to MX-3 from MX-2, respectively.

The outlook on the global rating is stable.

This action follows the implementation in Mexico of Moody's new securities industry market makers rating methodology, which now is the primary methodology that the agency uses to rate securities industry market makers globally.

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