OREANDA-NEWS. Fitch Ratings has today affirmed the ratings on 11 Mexican government related financial institutions following a periodic peer rating review.

--Nacional Financiera (Nafin)
--Banco Nacional de Comercio Exterior (Bancomext)
--Banco Nacional de Obras y Servicios Publicos (Banobras)
--Instituto para la Proteccion al Ahorro Bancario (IPAB)
--Instituto del Fondo Nacional de Vivienda para los Trabajadores (Infonavit)
--Instituto del Fondo Nacional para el Consumo de los Trabajadores (Infonacot)
--Sociedad Hipotecaria Federal (SHF)
--Banco Nacional del Ejercito y Fuerza Aerea y Armada (Banjercito)
--Fondeo Especial para Financiamientos Agropecuarios (FEFA)
--Fideicomiso de Fomento Minero (FIFOMI)
--Banco del Ahorro Nacional y Servicios Financieros (Bansefi)

Fitch has published several Rating Action Commentaries for each of these entities, which are available on www.fitchratings.com and www.fitchratings.mx. These RACs include each issuer's Key Rating Drivers and Sensitivities, as well as a list of all rating actions taken. The ratings are based on the capacity and propensity of support from Mexico's federal government, if needed.

Fitch has affirmed the following ratings:

Nafin
--Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB+';
--Long-Term Local-Currency IDR at 'A-';
--Short-Term Foreign-Currency IDR at 'F2';
--Short-Term Local-Currency IDR at 'F2';
--Support Rating at '2';
--Support Rating Floor at 'BBB+'.
--Long-Term Senior unsecured debt at 'BBB+';
--Short-Term Senior unsecured debt at 'F2';
--National Long-Term Rating at 'AAA(mex)';
--National Short-Term Rating at 'F1+(mex)';
--Local senior unsecured debt at 'AAA(mex)'.

The Rating Outlook is Stable.

Bancomext
--Long-Term Foreign-Currency IDR at 'BBB+';
--Long-Term Local-Currency IDR at 'A-';
--Short-Term Foreign-Currency IDR at 'F2';
--Short-Term Local-Currency IDR at 'F2';

--Support Rating at '2';
--Support Rating Floor at 'BBB+';
--National Long-Term Rating at 'AAA(mex)';
--National Short-Term Rating at 'F1+(mex)';
--Local senior unsecured debt at 'AAA(mex)'.

The Rating Outlook is Stable.

Banobras
--Long-Term Foreign-Currency IDR at 'BBB+';
--Long-Term Local-Currency IDR at 'A-';
--Short-Term Foreign-Currency IDRs at 'F2';
--Short-Term Local-Currency IDRs at 'F2';
--Support Rating at '2';
--Support Rating Floor at 'BBB+';
--National Long-Term Rating at 'AAA(mex)';
--National Short-Term Rating at 'F1+(mex)';
--Local senior unsecured debt at 'AAA(mex)'.

The Rating Outlook is Stable.

IPAB
--Long-Term Foreign-Currency IDR at 'BBB+';
--Long-Term Local-Currency IDR at 'A-';
--Short-Term Foreign-Currency IDRs at 'F2';
--Short-Term Local-Currency IDRs at 'F2';
--Support Rating at '2';
--Support Rating Floor at 'BBB+';
--National Long-Term Rating at 'AAA(mex)';
--National Short-Term Rating at 'F1+(mex)';
--Local senior unsecured debt at 'AAA(mex)'.

The Rating Outlook is Stable.

Infonavit
--Long-Term Foreign-Currency IDR at 'BBB+';
--Long-Term Local-Currency IDR at 'A-';
--Short-Term Foreign-Currency IDRs at 'F2';
--Short-Term Local-Currency IDRs at 'F2';
--Support Rating at '2';
--Support Rating floor at 'BBB+';
--National Long-Term Rating at 'AAA(mex)';
--National Short-Term Rating at 'F1+(mex)'.

The Rating Outlook is Stable.

Instituto Fonacot
--National Long-Term Rating at 'AAA(mex)';
--National Short-Term Rating at 'F1+(mex)';
--Long-Term local senior unsecured debt at 'AAA(mex)';
--Short-Term local senior unsecured debt at 'F1+(mex)'.

The Rating Outlook is Stable.

SHF
--National Long-Term Rating at 'AAA(mex)';
--National Short-Term Rating at 'F1+(mex)';
--Local senior unsecured debt at 'AAA(mex)'.

The Rating Outlook is Stable.

Banjercito
--National Long-Term Rating at 'AAA(mex)';
--National Short-Term Rating at 'F1+(mex)'.

The Rating Outlook is Stable.

FEFA
--National Long-Term Rating at 'AAA(mex)';
--National Short-Term Rating at 'F1+(mex)';
--Local senior unsecured debt at 'AAA(mex)'.
--Local senior unsecured debt at 'F1+(mex)'.

The Rating Outlook is Stable.

FIFOMI
--National Long-Term Rating at 'AA(mex)';
--National Short-Term Rating at 'F1+(mex)';
--Local senior unsecured debt at 'AA(mex)'.

The Rating Outlook is Stable.

Bansefi
--National Long-Term Rating at 'AAA(mex)';
--National Short-Term Rating at 'F1+(mex)'.

The Rating Outlook is Stable.