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.
Aug. 22
* Fitch Ratings downgraded Banco Santander Río SA and BBVA Banco Francés SA's long-term foreign currency issuer default ratings to B- from B and lowered their viability ratings to "ccc" from "b." It also downgraded the long-term foreign and local currency issuer default ratings of Banco Macro SA, Banco Supervielle SA, Banco Hipotecario SA and Tarjeta Naranja SA to CCC from B, while lowering Banco de la Ciudad de Buenos Aires' viability rating to "ccc" from "b," among other actions.
Aug. 21
* Fitch revised its outlook on Suriname to negative from stable, and affirmed the country's long-term foreign currency issuer default rating at B-.
* Fitch revised Ecuador's ratings outlook to stable from negative, while affirming the country's long- and short-term foreign and local currency issuer default ratings at B-/B.
* Fitch raised Interfactor SA's long- and short-term national scale ratings to BBB+(cl) and N2(cl) from BBB(cl) and N3(cl), respectively, with a stable outlook.
* Fitch affirmed Factoring Security SA's national long-term rating at AA-(cl) and short-term rating at N1+(cl).
* Fitch affirmed Tanner Servicios Financieros SA's foreign and local currency long-term issuer default ratings at BBB-, with a stable outlook.
* Fitch affirmed Incofin SA's long- and short-term national scale ratings at A(cl) and N1(cl), respectively.
Aug. 20
* Fitch affirmed Fondo Nacional del Ahorro Carlos Lleras Restrepo's national long- and short-term ratings at AAA(col) and F1+(col), respectively.
* S&P Global Ratings lowered its long-term issuer credit ratings on Banco de Galicia y Buenos Aires SAU, Banco Patagonia SA and Banco de la Provincia de Buenos Aires to B- from B, with negative outlooks. The rating agency also affirmed Banco Hipotecario SA's long-term issuer credit rating at B-, but revised the outlook to negative from stable.
Aug. 19
* Fitch affirmed the national scale ratings of Citibanamex Seguros SA de CV Integrante del Grupo Financiero Citibanamex and Citibanamex Pensiones SA de CV at AAA(mex), with stable outlooks.
This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.
