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18.01.2014 00:21:00
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Union de Credito Progreso, S.A. -- Moody's affirms Unión de Crédito Progreso's ratings; outlook remains negative
Mexico, January 17, 2014 -- Moody's de México today affirmed all ratings on Unión de Crédito Progreso, S.A. (Unión Progreso), including the E+ standalone bank financial strength rating, which maps to a b3 standalone baseline credit assessment (BCA). Moody's also affirmed Unión Progreso's long-term and short-term local currency deposit ratings of B3 and Not Prime, respectively, as well as the long-term and short-term Mexican National Scale deposit ratings of Ba2.mx and MX-4, respectively. The outlook on all ratings remains negative.
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