The expectation for the country's 2017 benchmark interest rate also dropped.
The Canadian bank is scaling in Mexico, Peru, Colombia and Chile by targeting its unbanked and young populations with digital branches and solutions developed in partnerships with fintechs.
The upgrade comes after Fitch upgraded the sovereign rating on the Dominican Republic, where BHD is a relevant player.
Executives from the two sectors want Brazil's national development bank to lift restrictions on existing projects.
BBVA asserts that uncertainty around anti-immigrant, protectionist policies backed by Donald Trump are driving a surge in remittances in Mexico and other nations in the region.
Continuing expenditure pressures and a still weak revenue stream will impair government's ability to recover sound fiscal balances and improve liquidity, Moody's said in a press release.
This was the worst result for the month since 2013, and the 32nd consecutive month with a year-on-year decline.
Non-banking lending institutions have less than a year to apply to become banks.
Private sector experts see inflation rising higher and weaker growth in 2017, according to the central bank's monthly poll. The shifts are starkly negative following Donald Trump's surprise win in the US election.
The multi-billionaire believes Mexico needs US$250bn in investment to begin reaching 5% GDP growth, adding that the key ahead is focusing inward on Mexico and hoping for the best with Trump.