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Arrendadora y Factor Banorte, S.A. de C.V. -- Moody's announces completion of a periodic review of ratings of Arrendadora y Factor Banorte, S.A. de C.V.

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Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Arrendadora y Factor Banorte, S.A. de C.V. New York, September 17, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Arrendadora y Factor Banorte, S.A. de C.V. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.