Resolution modifying the General Provisions applicable to credit institutions

DOF: 11/05/2018

RESOLUTION that modifies the General Provisions applicable to credit institutions

A seal with the National Coat of Arms appears at the margin, which reads: United Mexican States.- Ministry of Finance and Public Credit.- National Banking and Securities Commission.

The National Banking and Securities Commission, based on the provisions of articles 4, paragraphs XXXVI and XXXVIII, and 16, paragraph I of the National Banking and Securities Commission Law, and

CONSIDERING

That it is necessary to recognize the ratings issued by new credit rating agencies, within the framework of capital requirements for credit institutions, has resolved to issue the

following:

RESOLUTION THAT MODIFIES THE GENERAL PROVISIONS APPLICABLE TO

CREDIT INSTITUTIONS

SOLE.- The Annexes 1-B and 1-G of the "General Provisions applicable to credit institutions", published in the Official Gazette of the Federation on December 2, 2005, and modified by resolutions published in the aforementioned Official Gazette on March 3 and 28, September 15, December 6 and 8, 2006; January 12, March 23, April 26 and November 5, 2007; March 10, August 22, September 19, October 14 and December 4, 2008; April 27, May 28, June 11, August 12, October 16, November 9, December 1 and 24, 2009; January 27, February 10, April 9 and 15, May 17, June 28, July 29, August 19, September 9 and 28, October 25, November 26 and December 20, 2010; January 24 and 27, March 4, April 21, July 5, August 3 and 12, September 30, October 5 and 27 and December 28, 2011; June 19, July 5, October 23, November 28 and December 13, 2012; January 31, April 16, May 3, June 3 and 24, July 12, October 2 and December 24, 2013; January 7 and 31, March 26, May 12 and 19, July 3 and 31, September 24, October 30, December 8 and 31, 2014; January 9, February 5, April 30, May 27, June 23, August 27, September 21, October 29, November 9 and 13, December 16 and 31, 2015; April 7 and 28, June 22, July 7 and 29, August 1, September 19 and 28 and December 27, 2016; January 6, April 4 and 27, May 31, June 26, July 4 and 24, August 29, October 6 and 25, December 18, 26 and 27, 2017; January 22 and March 14, 2018, to read as follows:

TITLE FIRST TO TITLE FIFTH

...

ANNEXES 1 and 1-A

...

ANNEX 1-B

Mapping of ratings and risk grades.

ANNEXES 1-C to 1-F

...

ANNEX 1-G

Mapping of ratings and risk grades for securitization schemes.

ANNEXES 1-H to 71

...

TRANSITIONAL

SOLE.- This Resolution shall enter into force the day following its publication in the Official Gazette of the Federation.

Respectfully,

Mexico City, May 3, 2018. - The President of the National Banking and Securities Commission, José Bernardo González Rosas. - Rubric.

ANNEX 1-B

MAPPING OF RATINGS AND RISK GRADES

Long-Term Ratings and Risk Grades Correspondence Table

Risk Grades Standard Method Recognized Rating Scales Global Scale Risk Weight Local Mexico Scale Risk Weight

S&P MOODY'S FITCH HR RATINGS A.M. Best DBRS Group II Group III Group VII S&P MOODY'S FITCH HR RATINGS VERUM A.M. Best DBRS Group II Group III Group VII

AAA AA+ AA AA- Aaa Aa1 Aa2 Aa3 AAA AA+ AA AA- HR AAA (G) HR AA+ (G) HR AA (G) HR AA- (G) aaa aa+ aa aa- AAA AA (high) AA AA (low) 0% 20% 20%

A+ A A- A1 A2 A3 A+ A A- HR A+ (G) HR A (G) HR A- (G) a+ a a- A (high) A A (low) 20% 20% 50%

mxAAA Aaa.mx AAA (mex) HR AAA AAA/M aaa.mx AAA.MX 20% 20% 20%

BBB+ BBB BBB- Baa1 Baa2 Baa3 BBB+ BBB BBB- HR BBB+ (G) HR BBB (G) HR BBB- (G) bbb+ bbb bbb- BBB (high) BBB BBB (low) 50% 20% 100%

mxA+ A1.mx A+ (mex) HR A+ A+/M a+.mx A.N.MX (high) 50% 20% 50%

mxA A2.mx A (mex) HR A A/M a.mx A.N.MX

mxA- A3.mx A- (mex) HR A- A-/M a-.mx A.N.MX (low)

BB+ BB BB- Ba1 Ba2 Ba3 BB+ BB BB- HR BB+ (G) HR BB (G) HR BB- (G) bb+ bb bb- BB (high) BB BB (low) 100% 100% 100%

mxA+ A1.mx A+ (mex) HR A+ A+/M a+.mx A.N.MX (high) 100% 20% 100%

mxA A2.mx A (mex) HR A A/M a.mx A.N.MX

mxA- A3.mx A- (mex) HR A- A-/M a-.mx A.N.MX (low)

mxBBB+ Baa1.mx BBB+ (mex) HR BBB+ BBB+/M bbb+.mx BBB.N.MX (high)

mxBBB Baa2.mx BBB (mex) HR BBB BBB/M bbb.mx BBB.N.MX

mxBBB- Baa3.mx BBB- (mex) HR BBB- BBB-/M bbb-.mx BBB.N.MX (low)

B+ B B- B1 B2 B3 B+ B B- HR B+ (G) HR B (G) HR B- (G) b+ b b- B (high) B B (low) 100% 150% 150%

mxBB+ Ba1.mx BB+ (mex) HR BB+ BB+/M bb+.mx BB.N.MX(high) 100% 100% 100%

mxBB Ba2.mx BB (mex) HR BB BB/M bb.mx BB.N.MX

mxBB- Ba3.mx BB- (mex) HR BB- BB-/M bb-.mx BB.N.MX (low)

CCC CC C and lower Caa Ca C and lower CCC CC C and lower HR C+ (G) HR C (G) HR C- (G) and lower ccc+ ccc ccc- and lower CCC(high) CCC CCC (low) and lower 150% 150% 150%

mxB+ B1.MX B+ (mex) HR B+ B+/M b+.mx B.N.MX (high) 150% 150% 150%

mxB B2.MX B (mex) HR B B/M b.mx B.N.MX

mxB- B3.MX B- (mex) HR B- B-/M b-.mx B.N.MX (low)

mxCCC Caa1.mx CCC (mex) HR C+ C/M ccc+ CCC.N.MX (high)

mxCC Caa2.mx CC (mex) HR C D/M ccc CCC.N.MX

and lower Caa3.mx Ca.mx C.mx and lower C (mex) and lower HR C- and lower E/M and lower ccc- and lower CCC.N.MX (low) and lower

Not Rated 100% 100% 100% 100% 100% 100%

Short-Term Ratings and Risk Grades Correspondence Table

Short-Term Risk Grades Standard Method Recognized Rating Scales Risk Weight Global Scale Local Mexico Scale

S&P MOODY'S FITCH HR RATINGS A.M. Best DBRS S&P MOODY'S FITCH HR RATINGS VERUM DBRS

A-1+ A-1 P-1 F1+ F1 HR+1 (G) HR1 (G) AMB-1+ AMB-1 R-1 (high) R-1 (medium) R- (low) mxA-1+ mxA-1 MX-1 F1+(mex) F1 (mex) HR+1 HR1 1+/M 1/M R-1.N (high) R-1.N (medium) R-1.N (low) 20%

A-2 P-2 F2 HR2 (G) AMB-2 R-2 (high) R-2 (medium) R-2 (low) mxA-2 MX-2 F2 (mex) HR2 2/M R-2.N (high) R-2.N (medium) R-2.N (low) 50%

A-3 P-3 F3 HR3 (G) AMB-3 R-3 mxA-3 MX-3 F3 (mex) HR3 3/M R-3.N 100%

B B HR4 (G) AMB-4 R-4 mxB B (mex) HR4 4/M R-4.N 120%

C NP C HR5 (G) and lower R-5 and lower mxC and lower MX-4 and lower C (mex) and lower HR5 and lower D/M and lower R-5.N and lower 150%

Unrated short-term credits shall be weighted at 100%.

ANNEX 1-G

MAPPING OF RATINGS AND RISK GRADES FOR SECURITIZATION SCHEMES

When a Credit Rating Agency issues a Rating, according to the scale and type of currency corresponding, Institutions must adhere to the following matrix to associate the assigned Rating with the risk grade detailed below.

Standardized Method for Securitizations

Long-Term Ratings and Risk Grades Global and Local Scales

Long-Term Risk Grades Internal Ratings-Based or Inferred Method Authorized Rating Scales

S&P Global Scale MOODY'S Global Scale FITCH Global Scale HR RATINGS Global Scale A.M. Best Global Scale DBRS Global Scale S&P CaVal Mexico Scale MOODY'S Mexico Scale FITCH Mexico Scale HR RATINGS Mexico Scale VERUM Mexico Scale A.M. Best Mexico Scale DBRS Mexico Scale

Grade 1 1.1 AAA Aaa AAA HR AAA (G) aaa AAA 1.2 AA+ Aa1 AA+ HR AA+ (G) aa+ AA (high) 1.3 AA Aa2 AA HR AA (G) aa AA 1.4 AA- Aa3 AA- HR AA- (G) aa- AA (low) mxAAA Aaa.mx AAA (mex) HR AAA AAA/M aaa.MX AAA.MX

Grade 2 2.1 A+ A1 A+ HR A+ (G) a+ A (high) mxAA+ Aa1.mx AA+ (mex) HR AA+ AA+/M Aa+.MX AA.MX (high) 2.2 A A2 A HR A (G) a A mxAA Aa2.mx AA (mex) HR AA AA/M aa.MX AA.MX 2.3 A- A3 A- HR A- (G) a- A (low) mxAA- Aa3.mx AA- (mex) HR AA- AA-/M aa-.MX AA.MX (low)

Grade 3 3.1 BBB+ Baa1 BBB+ HR BBB+ (G) bbb+ BBB (high) mxA+ A1.mx A+ (mex) HR A+ A+/M a+.MX A.N.MX (high) 3.2 BBB Baa2 BBB HR BBB (G) bbb BBB mxA A2.mx A (mex) HR A A/M a.MX A.N.MX 3.3 BBB- Baa3 BBB- HR BBB- (G) bbb- BBB (low) mxA- A3.mx A- (mex) HR A- A-/M a-.MX A.N.MX (low)

Grade 4 4.1 BB+ Ba1 BB+ HR BB+ (G) bb+ BB (high) mxBBB+ Baa1.mx BBB+ (mex) HR BBB+ BBB+/M bbb+.mx BBB.N.MX (high) 4.2 BB Ba2 BB HR BB (G) bb BB mxBBB Baa2.mx BBB (mex) HR BBB BBB/M bbb.mx BBB.N.MX 4.3 mxBBB- Baa3.mx BBB- (mex) HR BBB- BBB-/M bbb-.mx BBB.N.MX (low) 4.4 BB- Ba3 BB- HR BB- (G) bb- BB (low) mxBB+ Ba1.mx BB+ (mex) HR BB+ BB+/M bb+.mx BB.N.MX (high) 4.5 mxBB Ba2.mx BB (mex) HR BB BB/M bb.mx BB.N.MX 4.6 mxBB- Ba3.mx BB- (mex) HR BB- BB-/M bb-.mx BB.N.MX (low)

Grade 5 5.1 B+ B1 B+ HR B+ (G) b+ B (high) 5.2 B B2 B HR B (G) b B 5.3 B- B3 B- HR B- (G) b- B (low) 5.4 CCC Caa CCC HR C+ (G) ccc+ CCC (high) mxB+ B1.MX B+ (mex) HR B+ B+/M b+.mx B.N.MX (high) 5.5 CC Ca CC HR C (G) ccc CCC mxB B2.MX B (mex) HR B B/M b.mx B.N.MX 5.6 C C C HR C- (G) ccc- CCC (low) mxB- B3.MX B- (mex) HR B- B-/M b-.mx B.N.MX (low) 5.7 and lower and lower and lower and lower and lower and lower mxCCC Caa1.mx CCC (mex) HR C+ C/M ccc+ CCC.N.MX (high) 5.8 mxCC and lower Caa2.mx CC (mex) HR C D/M ccc CCC.N.MX 5.9 Caa3.mx Ca.mx C.mx and lower C (mex) and lower HR C- and lower E/M and lower ccc- and lower CCC.N.MX (low) and lower

Short-Term Ratings and Risk Grades

Short-Term Risk Grades Internal Ratings-Based or Inferred Method Authorized Rating Scales

S&P Global Scale MOODY'S Global Scale FITCH Global Scale HR RATINGS Global Scale A.M. Best Global Scale DBRS Mexico Scale S&P CaVal Mexico Scale MOODY'S Mexico Scale FITCH Mexico Scale HR RATINGS Mexico Scale VERUM Mexico Scale DBRS Mexico Scale

A-1+ A-1 P-1 F1+ F1 HR+1 (G) HR1 (G) AMB-1+ AMB-1 R-1 (high) R-1 (medium) R-1 (low) mxA-1+ mxA-1 MX-1 F1+ (mex) F1 (mex) HR+1 HR1 1+/M 1/M R-1 (high) R-1 (medium) R-1 (low) A-2 P-2 F2 HR2 (G) AMB-2 R-2 (high) R-2 (medium) R-2 (low) mxA-2 MX-2 F2 (mex) HR2 2/M R-2 (high) R-2 (medium) R-2 (low) A-3 P-3 F3 HR3 (G) AMB-3 R-3 mxA-3 MX-3 F3 (mex) HR3 3/M R-3.N B B HR4 (G) AMB-4 R-4 mxB B (mex) HR4 4/M R-4.N C NP C HR5 (G) and lower R-5 and Lower mxC and lower MX-4 and lower C (mex) and lower HR5 and lower D/M and lower R-5.N and Lower

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