MONTERREY, Mexico--(BUSINESS WIRE)--Fitch Ratings has upgraded Banca Mifel's (Mifel) Viability Rating (VR) to 'bb' from 'bb-', and its long-term foreign and local currency Issuer Default Ratings (IDRs) to 'BB' from 'BB-'. The short-term foreign and local currency ratings were affirmed at 'B'. The long- and short-term National scale ratings of Mifel were also upgraded to 'A(mex)' from 'A-(mex)' and to 'F1(mex)' from 'F2(mex)', respectively. The long-term Rating Outlook is Stable. Mifel's Support


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