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Fitch Upgrades Seguros Inbursa to 'BBB+'; Outlook Stable

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MONTERREY, Mexico--(BUSINESS WIRE)--Fitch Ratings has upgraded Seguros Inbursa, S.A. Grupo Financiero Inbursa's Local Currency Insurer Financial Strength (IFS) rating to 'BBB+' from 'BBB' and affirmed its national scale IFS rating at 'AAA(mex)'. The Outlook for both ratings remains Stable. KEY RATING DRIVERS The upgrade of Seguros Inbursa, S.A. (Seguros Inbursa) is based on Fitch's opinion of Grupo Financiero Inbursa (GFInbursa). Seguros Inbursa's rating is based on legal explicit support given

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