The financial profile of Mexican banks provides significant cushion in the current adverse economic environment. Asset quality is the primary weak point in the Mexican banking system. We are maintaining Mexico in BICRA Group 4. MEXICO CITY (Standard&Poor's) July 20, 2009--Standard&Poor's Ratings Services said today that it is maintaining its Group 4 Banking Industry Country Risk Assessment (BICRA) on the United Mexican States (foreign currency BBB+/Negative/A-2; local currency A+/Negative/A-1). "Our action reflects the Mexican banking system's adequate performance, the low debt levels of enterprises and households in Mexico, relatively stable monetary conditions in the country, and the progressive expansion of Mexico's domestic debt markets," said Standard&Poor's credit analyst Angelica Bala. "In our opinion, these
