Fitch lowers Mexico's Banco Azteca viability rating to 'BB-'-March 2024-www.financetom.com

Fitch lowers Mexico's Banco Azteca viability rating to 'BB-'

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Fitch lowers Mexico's Banco Azteca viability rating to 'BB-'

Mar 26, 2024 8:02 AM

MEXICO CITY, March 26 (Reuters) - Fitch Ratings lowered

Mexican Banco Azteca's viability rating to 'BB-' from 'BB', a

statement from the agency said on Tuesday, noting governance

practices by executives from the holding company have hurt

financials.

The company's long-term outlook remains stable, Fitch said.

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