United States

Grupo Financiero Banorte SAB de CV (GFNORTEO.MX)

GFNORTEO.MX on Mexico Stock Exchange

17 Nov 2017
Change (% chg)

$-0.12 (-0.10%)
Prev Close
Day's High
Day's Low
Avg. Vol
52-wk High
52-wk Low

Latest Key Developments (Source: Significant Developments)

Fitch Places GFNorte on Watch Negative and Interacciones on Watch Positive Upon Merger Announcement

(The following statement was released by the rating agency) MONTERREY, October 31 (Fitch) Following the recent announcement of a binding agreement to merge Grupo Financiero Banorte, S.A.B. de C.V. (GFNorte) and Grupo Financiero Interacciones, S.A.B. de C.V. (GFInteracciones), Fitch has placed most of GFNorte's ratings, as well as those of its subsidiaries, on Rating Watch Negative. In addition, Fitch has placed the ratings of GFInteracciones subsidiaries Banco Interacciones, S.A. (Interacciones)