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Fitch assigns national ratings to Banco Coomeva


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Fitch assigns national ratings to Banco Coomeva

FitchRatings on July 12 assigned AA-(col) long- and F1+(col) short-term nationalratings to Banco CoomevaSA.

The ratingsreflect the bank's moderate franchise, adjusted solvency levels, stable andfocused funds as well challenges in its portfolio quality. They also factor inthe bank's consistent performance and strategic direction which allows theconsolidation of its adequate business strategy in a niche where it has astrong position, Fitch noted.

The outlookfor the long-term rating is stable, Fitch said.