Home Business Moody’s rates AAA Santander México’s two proposed issuances of certificados bursátiles

Moody’s rates AAA Santander México’s two proposed issuances of certificados bursátiles

Mexico, March 17, 2022 — Moody’s de México (“Moody’s”) has today assigned Baa1 and Aaa.mx long-term global local currency (GLC) and Mexican National Scale senior unsecured debt ratings to the two Certificados Bursátiles Bancarios (BSMX 22 and BSMX 22-2) to be issued by Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México (Santander México).

The outlook on the global debt ratings is stable.BSMX 22 will be the third and BSMX 22-2 the fourth issuance under Santander México’s Senior Debt Program of Certificados Bursátiles Bancarios and Certificados de Depósito Bancario de Dinero a Plazo for up to MXN55 billion, or its equivalent in other currencies or Mexican Investment Units (UDIs). BSMX 22 will mature in 2027 and have a floating coupon, while BSMX 22-2 will mature in 2029 and will have a fixed coupon.

The combined amount of BSMX 22 and BSMX 22-2 will be up to MXN10 billion.

LIST OF AFFECTED RATINGS

The following ratings were assigned to Banco Santander México, S.A. (600011987):

Up to MXN10 billion in Certificados Bursátiles Bancarios due 2027 Long-term global local currency senior unsecured debt rating of Baa1, stable outlook….Long-term Mexican National Scale senior unsecured debt rating of Aaa.mx

Up to MXN10 billion in Certificados Bursátiles Bancarios due 2029 (BSMX 22-2)….Long-term global local currency senior unsecured debt rating of Baa1, stable outlook….Long-term Mexican National Scale senior unsecured debt rating of Aaa.mx

Source: Moody’s

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