The agency maintained the institute’s long- and short-term local and foreign currency credit ratings at BBB- and F3 with a stable outlook, respectively. Regarding government support, it remained at bbb-, Infonavit reported in a statement on Monday.
The long- and short-term notes for the institute were AAA (mex) and F1 (mex), respectively. The outlook for the long-term ratings and the national rating is stable.
Fitch took into account for the rating the social focus of the institute, the fact that it is the one that grants the most mortgage loans in the country; in addition to the relevance in the retirement savings system and financial performance.
