NY -- Standard&Poor's CreditWire 2/1/96 -- Standard&Poor's affirms its ratings on Bank of Nova Scotia's (Scotia) outstanding long- and short- term debt. The long-term rating outlook remains stable. This action follows the Jan. 30, 1996 agreement by the board members of Grupo Financiero Inverlat S.A. de C.V. (Inverlat) to a capitalization plan that would allow the Bank of Nova Scotia (Scotia) to increase its equity ownership (8.5% as of year-end 1995) in Inverlat to a majority position. Inverlat, a Mexican financial group with about $9 billion in assets, has experienced significant financial and asset quality problems as a result of the latest economic crisis. While the discussions between the two parties and the Mexican Government are
