16.01.2014 18:46:00
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Merida, Municipality of -- Moody's assigns Aa1.mx rating to a MXN 150 million enhanced loan of the Municipality of Merida
Mexico, January 16, 2014 -- Moody's de México assigned debt ratings of Baa1 (Global Scale, local currency) and Aa1.mx (Mexico National Scale) to the MXN 150 million enhanced loan of the municipality of Merida from Banorte. The loan has a maturity of 15 years and is paid through a master trust (Scotiabank, trust number F-1708769326). The loan pays an interest rate composed of the 28-day Mexican Interbank Interest Rate (TIIE in Spanish) plus a spread.