Fitch Affirms TFOVIE 11U Notes at 'BBB+sf'; Outlook Stable

MEXICO CITY--(BUSINESS WIRE)--Fitch Ratings has taken the following rating actions on FOVISSSTE\'s cross-border residential mortgage backed securities (RMBS): TFOVIE 11U notes due in December 2024: --Long-term rating affirmed at \'BBB+sf\'; --National long-term rating affirmed at \'AAA(mex)\'. The Outlook remains Stable. Fitch\'s ratings consider the good asset quality of the securitized pool of mortgage loans, which exhibits a 90+ day delinquency ratio of 0.36%, and credit enhancement levels of 47.4%

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