trending Market Intelligence /marketintelligence/en/news-insights/trending/8YkK1-QIxXoLG4FGhUZ_ig2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Fitch affirms Banco Agrícola

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

Fitch affirms Banco Agrícola

Following a peer review of El Salvador's largest banks,Fitch Ratings on April 8 affirmed Banco Agrícola SA's long- and short-term issuer defaultratings at BB and B, respectively, with a stable outlook on the long-termrating.

The bank's support rating was affirmed at 3 and itsviability rating at "bb-."

Additionally, Fitch affirmed its long- and short-termnational ratings at AAA(slv) and F1+(slv), respectively, on both Banco Agrícolaand Inversiones Financieras BancoAgrícola SA.

Banco Agrícola's ratings reflect the high probability ofsupport from shareholder Bancolombia SA. In Fitch's opinion, the lender is an importantunit for Bancolombia due to the meaningful and recurring share of revenues itgenerates and its key role in the parent's regional expansion.

The stable outlook reflects the rating agency's expectationthere will not be any substantial changes in the bank's risk profile in theforeseeable future.