Moody’s Rates Interacciones Sub-Debt

Moody’s said Wednesday it will assign a Ba2 long-term global local currency subordinated debt rating to Banco Interacciones’ MXP700m issue of non-convertible Tier-2 subordinated notes due in 2017. At the same time, Moody’s is expected to assign an A2.mx Mexican national scale rating to the notes. Banco Interacciones is headquartered in Mexico City providing finance to states and municipalities as well as infrastructure projects.