Ratings

Domestic Debt Ratings

Ratings            Moody's                  Standard & Poor's            Fitch Ratings

SCOTIABANK

Long Term       Aaa.mx                        mxAAA                         AAA(mex)

Short Term      MX-1                            mxA-1+                         F1+(mex)

Perspective      Stable                         Stable                            Stable

BROKERAGE HOUSE

Long Term         Aaa.mx                          mxAAA

Short Term        MX-1                              mxA-1+

Perspective       Stable                            Stable