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Fitch withdraws Tanner Servicios Financieros' national ratings

Fitch Ratings on Sept. 3 affirmed and subsequently withdrew Tanner Servicios Financieros SA's A+(cl) long- and N1(cl) short-term national ratings.

The rating agency withdrew the national ratings due to commercial reasons, although it said it will continue to grant international ratings to Tanner Servicios Financieros.

In affirming the ratings, Fitch considered the company's leading position in nonbank financing to small- and medium-sized enterprises as well as its business diversification strategy. However, these were offset by the company's relatively smaller size and greater concentration.