S&P Global Market Intelligence presents a summary of various ratings actions on Latin American financial institutions and economies. Ratings actions are listed by announcement date in reverse chronological order.
Feb. 2
* S&P Global Ratings affirmed Banco do Nordeste do Brasil SA's BB- long-term and B short-term global scale ratings, and also the bank's brAA- national scale ratings.
Feb. 1
* S&P Global Ratings placed Intercorp Financial Services Inc.'s BBB- long-term issuer credit and issue-level ratings on CreditWatch with negative implications after a similar placement on its parent company, and also affirmed the ratings on Banco Internacional del Perú S.A.A. with the outlook on the bank remaining stable.
* Moody's said the review for upgrade on Banco Interacciones SA Institución de Banca Múltiple is still ongoing pending the completion of its merger with Banco Mercantil del Norte SA Institución de Banca Múltiple.
* Fitch Ratings affirmed the AA(cl) national ratings of Banco Bilbao Vizcaya Argentaria Chile SA on Rating Watch Positive.
* Fitch Ratings affirmed multiple ratings of Banco Santander Chile, including those on long-term deposits at AAA(cl) and short term deposits at N1+(cl), among others.
* Fitch Ratings affirmed Scotiabank Uruguay SA's long-term foreign currency and local currency issuer default ratings at BBB+, its viability rating at 'bb-' and its support rating at 2.
* S&P Global Ratings affirmed its brBBB- national counterparty credit ratings on Banco Inter SA.
* S&P Global Ratings affirmed its mxAAA national long-term and mxA-1+ short-term issuer credit ratings on Bank of America México SA Institución de Banca Múltiple and Merrill Lynch Mexico, S.A. de C.V.
Jan. 31
* Moody's withdrew all ratings on CI Casa de Bolsa, S.A. de C.V. following the termination of the rating agreement with the company.
* S&P Global Ratings placed Intercorp Perú Ltd.'s BBB- long-term corporate credit and issue-level ratings on CreditWatch with negative implications.
* A.M. Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a" of Mapfre Panama S.A. (MAPFRE Panamá) (Panama City, Panama). The outlook of these Credit Ratings (ratings) remains stable.
* Fitch Ratings revised Jamaica's's outlook to positive from stable, and also affirmed the country's long-term foreign-currency issuer default rating at B.
* S&P Global Ratings affirmed Cardif Colombia Seguros Generales SA's BBB global scale issuer credit and financial strength ratings.
* S&P Global Ratings affirmed its mxAA+ long- and mxA-1+ short-term national issuer credit ratings on UBS Bank México SA Institución de Banca Múltiple UBS Grupo Financiero and its subsidiary, UBS Casa de Bolsa SA de CV.
* S&P Global Ratings affirmed its 'BBB-' long- and 'A-3' short-term issuer credit ratings on Banco Davivienda SA.
Jan. 30
* S&P Global Ratings lowered its issuer credit and issue-level ratings on Chile-based Corp Group Banking SA to CCC+ from B-, while keeping the outlook on the issuer credit rating at negative.
* Fitch Ratings affirmed the ratings of the following Brazilian banks: Banco ABN AMRO SA, Banco Caixa Geral Brasil SA, Banco Crédit Agricole Brasil SA, Banco de Investimentos Credit Suisse (Brasil) SA, Banco Rabobank International Brasil S.A., Banco Société Générale Brasil SA, Bank of America Merrill Lynch Banco Múltiplo SA, China Construction Bank (Brasil) Banco Múltiplo SA, Deutsche Bank SA – Banco Alemão, and Goldman Sachs do Brasil Banco Múltiplo SA.
* S&P Global Ratings affirmed Banco Daycoval SA's BB-/B global scale and 'brA+/brA-1' Brazilian national scale issuer credit ratings.
* S&P Global Ratings affirmed Financiera de Desarrollo Territorial SA's BBB- long- and A-3 short-term foreign and local currency issuer credit
ratings.
* S&P Global Ratings affirmed Banco Base SA Institución de Banca Múltiple Grupo Financiero Base and Casa de Bolsa BASE, SA, de CV, Grupo Financiero BASE's mxA long-term and mxA-2 short-term national issuer credit ratings.
Jan. 29
* Fitch Ratings withdrew Grupo Financiero Santander Mexico SAB de CV's ratings due to the entity's extinction following its merger with its banking unit, Banco Santander (México) SA Institución de Banca Múltiple,
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