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LatAm ratings wrap: S&P upgrades Jamaica; Fitch raises Banco Agropecuario

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LatAm ratings wrap: S&P upgrades Jamaica; Fitch raises Banco Agropecuario

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.

Sept. 27

* S&P Global Ratings upgraded Jamaica's long-term foreign and local currency sovereign credit ratings to B+ from B. The rating agency also affirmed Jamaica's B short-term foreign and local currency sovereign credit ratings.

* Fitch Ratings affirmed the long-term issuer rating of Assa Compañia de Seguros de Vida SA Seguros de Personas at AAA(slv).

* Fitch maintained its rating watch negative placement on Scotia Seguros SA's AAA(slv) national scale rating.

* Fitch upgraded Banco Agropecuario's short-term foreign currency issuer default rating to F1 from F2, while affirming the long-term foreign currency issuer default rating at BBB+.

Sept. 26

* Fitch upgraded Ohio National Seguros de Vida SA's international insurer financial strength rating to BBB+ from BBB and revised the ratings outlook to stable from positive.

* Moody's changed its outlook on Argentina's banking system to negative from stable.

* S&P affirmed Financiera Independencia SAB de CV Sociedad Financiera de Objeto Múltiple ENR's long-term global scale issuer credit rating at BB- and affirmed the company's national scale ratings at mxBBB+/mxA-2.

* S&P affirmed its national long- and short-term issuer credit ratings on Goldman Sachs México Casa de Bolsa SA de CV at mxAAA and mxA-1+, respectively.

* Fitch affirmed the long- and short-term national ratings of CrediQ SA de CV at BBB(slv) and F3(slv), respectively.

Sept. 25

* Fitch affirmed its national long- and short-term counterparty risk ratings on Factoring Corporativo SA de CV SOFOM ER at A-(mex) and F2(mex), respectively.

* Fitch affirmed the national long- and short-term counterparty risk ratings of Unión de Crédito para la Contaduría Pública SA de CV at BBB+(mex) and F2(mex), respectively.

* Fitch affirmed the national long- and short-term counterparty risk ratings of Portafolio de Negocios SA de CV SOFOM ER at A(mex) and F1(mex), respectively.

* Fitch affirmed Peru's long-term foreign and local currency issuer default rating at BBB+ and A-, respectively.

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.