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LatAm ratings wrap: S&P removes Venezuela from CreditWatch negative

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.

June 1

* Fitch Ratings affirmed Seguros Centauro, Salud Especializada, SA de CV's national scale financial strength rating at A-(mex).

May 31

* Moody's kept under review for downgrade the ratings of Deutsche Bank México SA Institución de Banca Múltiple and Deutsche Securities SA de CV Casa de Bolsa, including Deutsche Bank México's long-term global local and foreign currency deposit ratings of Ba1 and Deutsche Securities' long-term global local currency issuer rating of Ba1.

* S&P Global Ratings affirmed Seguros Banamex SA de CV Integrante del Grupo Financiero Banamex's national scale financial strength and issuer credit ratings at "mxAAA."

May 30

* S&P Global Ratings removed Venezuela's long-term and short-term local currency sovereign credit ratings from CreditWatch with negative implications and affirmed them at CCC- and C, respectively.

* Fitch Ratings upgraded Multibank Seguros S.A.'s insurer financial strength rating to AA(pan) from AA-(pan), while maintaining the outlook at stable.

* Moody's changed its outlook on Casa de Bolsa Santander SA de CV Grupo Financiero Santander México to stable from negative.

* Fitch Ratings affirmed Banco Bancrea SA Institución de Banca Múltiple's long- and short-term counterparty risk ratings at BBB(mex) and F3(mex), respectively.

* Fitch Ratings affirmed Banca Afirme SA Institución de Banca Múltiple Afirme Grupo Financiero's long- and short-term counterparty risk ratings at A-(mex) and F2(mex), respectively.

* Fitch Ratings affirmed the foreign and local currency long-term issuer default ratings of Intercorp Perú Ltd. at BBB-.

* Fitch Ratings affirmed the long- and short-term national counterparty risk ratings of Banco Multiva SA Institución de Banca Múltiple Grupo Financiero Multiva and Casa de Bolsa Multiva SA de CV Grupo Financiero Multiva at A(mex) and F1(mex), respectively.

* Fitch Ratings affirmed Bansi SA Institución de Banca Múltiple's long- and short-term national counterparty risk ratings at A(mex) and F1(mex), respectively.

May 29

* S&P Global Ratings affirmed Ecuador's long and short-term foreign and local currency sovereign credit ratings at B- and B, respectively, and its transfer and convertibility assessment at B-.

* S&P Global Ratings affirmed Nacional Financiera S.N.C. Institución de Banca de Desarrollo's global scale foreign currency ratings at BBB+ and A-2, its local currency ratings at A- and A-2, and its national scale ratings at "mxAAA" and "mxA-1+."

* S&P Global Ratings affirmed Banco Compartamos SA Institución de Banca Múltiple's global scale long and short-term issuer credit ratings at BBB and A-2, respectively, while also affirming the long- and short-term national scale issuer credit ratings at "mxAAA" and "mxA-1+."

May 28

* Fitch Ratings revised the outlook on Argentine insurers Nación Seguros SA, Nación Seguros de Retiro SA and Nación Reaseguros SA to stable from positive, and also affirmed their insurer financial strength ratings at B.

* Fitch Ratings affirmed Financiera Progreso SA's long- and short-term national ratings at BB-(gtm) and B(gtm).

* Fitch Ratings affirmed the long- and short-term national ratings of both Financiera de Occidente SA and Tarjetas de Crédito de Occidente SA at BB+(gtm) and B(gtm), respectively.

* Fitch Ratings affirmed Banistmo SA's long- and short-term national ratings at AAA(pan) and F1+(pan), respectively.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings, a separately managed division of S&P Global. Descriptions in this news article were not prepared by S&P Global Ratings.