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LatAm ratings roundup through May 26

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LatAm ratings roundup through May 26

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.

May 26

* Moody's revised the outlook on Brazil's issuer rating to negative from stable, while affirming the country's issuer, senior unsecured and shelf ratings at Ba2 and (P)Ba2, respectively.

* Fitch Ratings maintained the long- and short-term national ratings of Banco Cooperativo Sicredi SA at AA+(bra) and F1+(bra), respectively. Banco Cooperativo do Brasil SA's long-term national rating was raised to AA(bra) from AA-(bra) while its short-term national rating was kept at F1+(bra). Fitch also revised the outlook on Banco Cooperativo Sicredi to stable from negative.

* DBRS confirmed Uruguay's BBB (low) long-term foreign and local currency issuer ratings and R-2 (middle) short-term foreign and local currency issuer ratings, with a stable trend on all ratings.

May 25

* S&P Global Ratings revised its outlook on Bolivia to negative from stable. The rating agency affirmed the country's BB/B long- and short-term foreign and local currency sovereign credit ratings.

* Fitch affirmed Banco Rodobens SA's long- and short-term national ratings at A+(bra) and F1(bra), respectively. The outlook is stable.

* Fitch assigned Fiduciaria Corficolombiana SA AAA(col) long-term and F1+(col) short-term national counterparty risk ratings, with a stable outlook on the long-term rating.

May 24

* S&P affirmed the long- and short-term national ratings of Banco del Ahorro Nacional y Servicios Financieros SNC at mxAAA and mxA-1+, respectively. The outlook is stable.

* S&P affirmed Banco General SA's long- and short-term issuer credit ratings at BBB and A-2, respectively. The outlook on the bank remains stable, while its stand-alone credit profile remains at "bbb+".

* Fitch acted on the ratings of seven medium-sized Mexican financial institutions.

* Fitch withdrew its AA(gtm) national scale financial strength rating on Aseguradora General SA.

* S&P placed the ratings of six Brazilian insurance and reinsurance companies on CreditWatch with negative implications.

May 23

* Fitch affirmed the ratings of three banks tied to both Panama and the Dominican Republic, all with stable outlooks.

* S&P placed the global or national scale issuer credit and debt ratings of 38 Brazilian financial institutions on CreditWatch with negative implications.

* Fitch assigned AAA(mex) long- and F1+(mex) short-term counterparty risk ratings to Scotia Inverlat Casa de Bolsa SA de CV. The outlook for the long-term rating is stable.

May 22

* S&P placed Brazil's BB long-term foreign and local currency sovereign ratings on CreditWatch with negative implications. The rating agency also affirmed the country's short-term foreign and local currency ratings at B.

* Fitch affirmed the ratings of five medium-sized Brazilian banks.

* S&P affirmed its BBB long-term issuer credit rating on Banco Internacional del Perú SAA while keeping the outlook at stable. The bank's stand-alone credit profile is "bbb-".

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.