Regulatory Alerts2024-11-12 | Circular 12/2024Added
Circular 12/2024 — Modifies Circular 39/2020
This circular updates the credit rating correspondence tables in Annexes 1 through 4 of Circular 39/2020 by removing references to DBRS Ratings México, which had its authorization as a credit rating institution revoked by the National Banking and Securities Commission. The modified tables now align global and local long-term and short-term ratings from agencies such as S&P, Moody’s, Fitch, HR Ratings, A.M. Best, and Verum. These changes apply to all credit institutions, insurance companies, securities brokerages, and other financial entities regulated by the Bank of Mexico. The modifications take effect the day after publication in the Official Gazette.
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