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Citi’s Exit From Mexico Retail Is Credit Negative: Moody’s

MEXICO

Citi’s exit from retail and SME lending in Mexico is credit negative for Citibanamex, according to Moody’s Investors Service. (BBG)

  • “It will sharply reduce the bank’s operations and earnings diversification, including limiting its cheap retail funding capacity, which has historically supported the bank’s strong earnings generation,” Moody's wrote.

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