Press Release

DBRS Releases Update to National Scale Credit Ratings Mapping

ABCP, Auto, RMBS
November 30, 2017

DBRS released an update to the National Scale Credit Ratings Mapping and Mapping Table for Mexico. The National Scale Mapping table for Mexico (United Mexican States) has been updated to reflect its current Long-Term Local Currency – Issuer Rating of BBB (high). Mexico’s Long-Term Local Currency – Issuer Rating was downgraded to BBB (high) from A (low) on November 28, 2017, following an update to DBRS’s “Rating Sovereign Governments” methodology rather than a change in DBRS’s view of Mexico’s underlying credit fundamentals.

DBRS may assign a National Scale credit rating based on application of a specific National Scale methodology for rating an issuer or issuance. DBRS generally follows this process when assigning ratings in a jurisdiction where the relevant National Scale methodology applies. The process of establishing the mapping table typically begins with the sovereign local currency rating, as the sovereign is often the highest credit rating in the country or region on the global rating scale.

The National Scale Credit Ratings Mapping is available at www.dbrs.com and will be available at www.dbrs.mx in Spanish following the required regulatory review period of approximately 20 days.

For more information, visit www.dbrs.com or contact us at info@dbrs.com.