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Fitch withdraws Seguros Banistmo's ratings after Grupo Sura merger

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Fitch withdraws Seguros Banistmo's ratings after Grupo Sura merger

Fitch Ratingson July 11 withdrew the AA+(pan) long-term national rating of Panama-based , due to its legalmerger with Seguros Suramericana.

In 2015, the sale of 100% of the sharesof Seguros Banistmo to Grupo de InversionesSuramericana SA for about $96.5 million.

Grupo Sura hassince integrated the assetsand operations of the insurer into Seguros Suramericana, creating one consolidatedinsurance brand in Panama.