Fitch Ratings on Oct. 17 affirmed Caja Rural del Sur SCC's long-term issuer default rating at BBB and revised the outlook to stable from positive.

The short-term issuer default rating was affirmed at F3.

The agency also affirmed the bank's "bbb" viability rating, its support rating of 5 and the support rating floor of No Floor.

The outlook revision is based on Fitch's view that the bank will take longer than the agency previously expected to resolve problem assets.