S&P cuts Consubanco

S&P cuts Consubanco

Bonds Structured Finance Mexico Corporate & Sovereign Strategy

S&P Global Ratings has downgraded Consubanco to BB- from BB with a negative outlook, citing the Mexican lender's heightened refinancing risks.The rating agency also cut Consubanco's local ratings to mxBBB+ from mxA. "We believe the bank's liquidity ratios, by our measurement, are underperforming those of its direct peers with similar credit rating, facing an increasing refinancing risk," S&P said in a report.S&P added that it will evaluate Consubanco's funding plans over the nex

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