Credit Rating Report

Morningstar DBRS Confirms Mexico at BBB, Stable Trend

Sovereigns

Summary

DBRS Inc. (Morningstar DBRS) confirmed the United Mexican States' (Mexico) Long-Term Foreign and Local Currency - Issuer Ratings at BBB. At the same time, Morningstar DBRS confirmed the United Mexican States' Short-Term Foreign and Local Currency - Issuer Ratings at R-2 (high). The trend on all ratings is Stable.

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