Fitch Places BBVA Mexico in Positive Observation, Giving Way to a Possible Upgrade

Read time approx: 1 minutes, 58 secondsThe rating of the System's largest bank, in the degree of investment “BBB”, is a level below that of the Bilbao-based matrix in view of the size of its operations in Mexico, with about 20% of BBVA's consolidated assets to March. This “could limit its support capacity,” said Fitch Ratings agency on Friday that it placed the long-term ratings of BBVA Mexico, S.A., an institution of multiple banking, as well a…