If there are positive rating actions on the main operating subsidiaries of Atradius N.V., as a result of a change in the key rating fundamentals of Atradius N.V.'s parent company, Grupo Catalana Occidente, S.A., the ratings of Atradius Mexico likely would move in tandem. Likewise, if there are negative rating actions on the Atradius group, as a result of a sustained decline in operating performance or a sustained deterioration in Atradius N.V.'s consolidated risk-adjusted capitalization, the ratings of Atradius Mexico would mirror those same actions. A change in AM Best's perception regarding the actual or perceived level of strategic importance of Atradius Mexico to the Atradius group of companies could impact the company's ratings. This press release relates to Credit Ratings that have been published on AM Best's website.