New York, May 20, 2014 -- Moody's Investors Service has today upgraded Banco Mercantil del Norte, S.A. (Cayman Islands)'s global foreign currency senior debt rating to A2, from A3. At the same time, Moody's upgraded the bank's foreign currency subordinated and junior subordinated debt ratings to Baa2(hyb) and Baa3(hyb), from Baa3(hyb) and Ba1(hyb), respectively. The outlook on all these ratings is stable.

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