Fitch Updates Rating Criteria for Latin American Trustees and Common Representatives

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<0> Fitch Updates Rating Criteria for Latin American Trustees and Common Representatives </0>

<0> Fitch RatingsFranklin Santarelli, +1 212-908-0739Managing DirectorFitch, Inc.One State Street PlazaNew York, NY 10004orAlejandro Garcia, CFA, +52 81 8399 9146Senior DirectorFitch Mexico SA de CVProl. Alfonso Reyes 2612, Edificio Connexity Piso 8Col. Del Paseo Residencial64920 Monterrey, N.L., MexicoorMaria Fernanda Lopez, +54 11 5235 8130DirectorSarmiento 663 - piso 7 - C1041AAMBuenos Aires, ArgentinaorMedia Relations:Elizabeth Fogerty, New York, +1 212-908-0526 </0>

Fitch Ratings has updated the criteria report 'Latin American Trustees and Common Representatives'.

This criteria report covers rating drivers for national-scale ratings for trustees and common representatives in Latin America. These ratings assess an entity's operational ability to perform the duties associated with such a function; but they are not credit ratings.

This report updates and replaces the prior criteria report 'Trustee and Common Representative Services in Mexico,' dated March 27, 2006. Changes relate to further details and clarifications on the key rating factors assessed and the introduction of rating outlooks and watches for these ratings.

This criteria update does not result in any rating changes, but Fitch will gradually assign outlooks or watches to its outstanding Latin American trustee and common representative ratings.

Additional information is available at

Applicable Criteria and Related Research:

-- 'Global Financial Institutions Rating Criteria' (Aug. 15, 2012);

-- 'National Ratings Criteria' (Jan. 19, 2011).

Applicable Criteria and Related Research:

Global Financial Institutions Rating Criteria

National Ratings Criteria

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