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.
* Fitch Ratings lowered its long-term issuer default ratings on Banco BAC San José SA, Banco Davivienda (Costa Rica) SA, Banco de Costa Rica, Banco Internacional de Costa Rica SA, Banco Nacional de Costa Rica and Banco Popular y de Desarrollo Comunal SA. The rating agency also downgraded the viability ratings of Banco BAC San José, Banco de Costa Rica, Banco Nacional de Costa Rica and Banco Popular y de Desarrollo Comunal.
* DBRS confirmed Chile's long-term foreign and local currency issuer ratings at AA (low) and AA, respectively, and the country's short-term foreign and local currency issuer ratings at R-1 (middle) and R-1 (high), respectively. The trend on all the ratings remains stable.
* S&P Global Ratings revised its economic risk trend on Chile's banking industry risk assessment to negative from stable. As a result, the rating agency also revised its outlook on 12 Chilean financial institutions to negative from stable, while affirming their ratings.
* S&P revised its outlook on Chile to negative from stable, while affirming the country's foreign currency sovereign ratings of AA-/A-1+ and local currency sovereign ratings of AA/A-1+.
* Fitch affirmed Banco Inmobiliario Mexicano SA Institución de Banca Múltiple's primary financial asset manager rating at AAFC3-(mex), while revising the outlook to positive from stable.
* S&P affirmed the global and national scale ratings of Sul América Companhia Nacional de Seguros SA and Sul América SA at BB/brAA- and B+/brBBB+, respectively. The outlook remains negative.
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