Fitch Rates GF SAN Mexico 'BBB+' and its Upcoming Perpetual AT1 Notes 'BB(EXP)'

(The following statement was released by the rating agency)

MONTERREY, December 22 (Fitch) Fitch Ratings has assigned

ratings to Grupo

Financiero Santander Mexico S.A.B. de C.V. (GF SAN Mexico)

including its

Viability Rating (VR) at 'bbb+', Long-term Foreign Currency

Issuer Default

Ratings (IDRs) at 'BBB+', and Short-term Foreign- and

Local-Currency Rating at

'F2'. Fitch has also assigned a Support Rating of '2' and

National Long- and

Short-term ratings of 'AAA(mex)/F1+(mex). The Rating Out

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