October 16, 2019 / 7:21 PM / a month ago

Bond manipulation ruling would be credit negative for affected banks: Moody's

Oct 16 (Reuters) - A ruling against banks in an investigation by Mexico’s competition commission of possible manipulation in the government bond market would be credit negative for seven banks, Moody’s Investors Services said in a statement Wednesday.

Mexico’s Federal Commission for Economic Competition (COFECE) on Monday announced it had completed its investigation of anticompetitive practices. (Reporting by Delphine Schrank; editing by Frank Jack Daniel)

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