trending Market Intelligence /marketintelligence/en/news-insights/trending/7kBnZhrZmnenOk_MDxbAAA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Fitch withdraws ratings on Financiera de Occidente after regulatory intervention

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good


Fitch withdraws ratings on Financiera de Occidente after regulatory intervention

Fitch Ratings on Dec. 17 lowered and withdrew its ratings on Guatemalan bank Financiera de Occidente SA and affiliate Tarjetas de Crédito de Occidente SA after the former's operations were suspended by regulators.

Prior to the withdrawal, Fitch cut Financiera de Occidente's national long-term rating to C(gtm) from B-(gtm) and lowered the same rating on Tarjetas de Crédito to C(gtm) from B(gtm). The outlook was negative at the time of withdrawal.

The rating agency also cut its national short-term ratings on both entities to C(gtm) from B(gtm) before withdrawing them. The withdrawals were due to commercial reasons, Fitch said, adding that it will no longer have enough information to properly rate the companies.

At the request of the SIB banking regulator, Guatemala's central bank suspended Financiera de Occidente's operations earlier in December, with SIB chief Érick Vargas Sierra saying management practices at the institution put its solvency at risk.

According to Fitch, the company's suspension and exit from the local banking system will hamper its ability to meet financial obligations and will pose similar problems for Tarjetas de Crédito.