Moody’s Ups Outlook for Mexican Banks

Moody’s Ups Outlook for Mexican Banks

Mexico

Moody’s has changed the outlook for the Mexican banking system to stable from negative. The change is a result of the banks' strengthened capital and reserves, and solid earnings during the economic crisis. Asset quality has also improved, and the banks enjoy sound funding and liquidity, adds the ratings agency. David Olivares-Villagomez, analyst at Moody’s, says that Mexican banks' strengthened capacity to absorb losses means that even under a severe stress scenario they would have enough resou

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial