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Fitch affirms Asociacion Duarte De Ahorros Y Prestamos' national ratings

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Fitch affirms Asociacion Duarte De Ahorros Y Prestamos' national ratings

Fitch Ratings on Dec. 14 affirmed the BBB-(dom) long- and F3(dom) short-term national ratings of Asociacion Duarte De Ahorros Y Prestamos.

The outlook on the long-term rating is stable.

Fitch said the company's national ratings are highly influenced by its company profile, which considers its limited franchise in the market, low revenue diversification, regional concentration of operations, and the challenges of operating in a highly competitive market with limitations on savings and loan associations.