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.
Oct. 4
* Fitch Ratings upgraded El Salvador-based Multi Inversiones Banco Cooperativo De Los Trabajadores S.C. De R.L. De C.V.'s national long-term rating to A-(slv) from BBB+(slv).
* Fitch Ratings affirmed Asesuisa Vida SA Seguros de Personas' insurer financial strength rating at AA+(slv).
* Fitch Ratings affirmed the national long- and short-term ratings of Credicorp Capital Colombia SA and Credicorp Capital Fiduciaria SA at AAA(col) and F1+(col), respectively.
* Fitch Ratings affirmed Aseguradora Suiza Salvadoreña S.A.'s national insurer financial strength rating at AA+(slv).
* Fitch Ratings affirmed Fiduciaria Corficolombiana SA's national investment management quality rating at Excellent(col).
* Fitch Ratings affirmed Banco Industrial El Salvador SA's long- and short-term national ratings at AA-(slv) and F1+(slv), respectively.
* Fitch Ratings affirmed Banco G&T Continental El Salvador SA's national long-term rating at AA-(slv).
* Fitch Ratings affirmed Sociedad de Ahorro y Crédito Apoyo Integral SA's national long- and short-term ratings at BBB(slv) and F3(slv), respectively.
Oct. 3
* Fitch Ratings downgraded Chile-based Banco Consorcio's foreign and local currency short-term issuer default ratings to F3 from F2 and subsequently removed them from Under Criteria Observation.
* Fitch Ratings upgraded Banco Monex SA Institución de Banca Múltiple Monex Grupo Financiero and Monex Casa de Bolsa SA de CV Monex Grupo Financiero's long- and short-term national scale ratings to AA-(mex) and F1+(mex) from A+(mex) and F1(mex), respectively. The long-term rating on ultimate parent Monex SAB de CV was raised to A+(mex) from A(mex).
* Fitch Ratings affirmed the national long- and short-term ratings of Intercam Banco SA Institución de Banca Múltiple Intercam Grupo Financiero and Intercam Casa de Bolsa SA de CV Intercam Grupo Financiero at A(mex) and F1(mex), respectively.
* Fitch Ratings affirmed Pan Amer de Mexico Cia de Seg's national scale rating at AAA(mex).
* Fitch Ratings affirmed CIBanco SA Institución de Banca Múltiple's long-term national counterparty rating at A(mex), and the short-term rating at F1(mex).
* Fitch Ratings affirmed the long- and short-term national counterparty risk ratings of Banco Base SA Institución de Banca Múltiple Grupo Financiero Base and Casa de Bolsa BASE SA de CV Grupo Financiero BASE at A(mex) and F1(mex), respectively.
Oct. 2
* Fitch Ratings assigned various first-time ratings to Brazil's Agência de Fomento do Estado de Santa Catarina S.A. - BADESC, including long-term local and foreign currency issuer default ratings of BB-.
* Fitch Ratings upgraded the long-term national rating of Panama's Credicorp Bank SA to AA(pan) from AA-(pan).
* Moody's affirmed all ratings on Banco Nacional de Desenvolvimento Econômico e Social, including the long- and short-term global local currency deposit ratings of Ba2/Not Prime, and also the long- and short-term global foreign currency deposit ratings of Ba3/Not Prime.
* Moody's affirmed BNDES Participações SA's long-term local issuer rating of Ba2, and long-term Brazilian national scale deposit rating at Aa1.br.
* Fitch Ratings affirmed Global Bank Corp.'s long- and short-term issuer default ratings at BBB- and F3, respectively. The long- and short-term national ratings were also affirmed at AA(pan) and F1+(pan), respectively.
* Fitch Ratings affirmed Banco Panamá SA at A(pan).
* Fitch Ratings affirmed Banistmo SA's long- and short-term issuer default ratings at BBB and F2, respectively.
* Fitch Ratings affirmed Banco Aliado SA's long- and short-term national ratings at A+(pan) and F1(pan), respectively.
Oct. 1
* Fitch Ratings affirmed Banco Hipotecario SA's long- and short-term foreign and local currency issuer default ratings at CC and C, respectively, among other ratings.
* Fitch Ratings affirmed Banco Mercedes-Benz do Brasil SA's long- and short-term national ratings at AAA(bra) and F1+(bra), respectively.
* Fitch Ratings affirmed Banco Fidis SA's long- and short-term national ratings at AAA(bra) and F1+(bra), respectively.
* Fitch Ratings affirmed Banco de la Ciudad de Buenos Aires' long-term foreign and local currency issuer default ratings at CCC, and affirmed the short-term ratings at C.
* Fitch Ratings affirmed Banco GMAC S.A.'s long- and short-term national ratings at AAA(bra) and F1+(bra), respectively.
* Fitch Ratings affirmed Banco Supervielle SA's long-term foreign and local currency issuer default ratings at CC, and the short-term ratings at C, among other ratings.
* Fitch Ratings affirmed Tarjeta Naranja SA's long-term foreign and local currency issuer default ratings at CC.
* Fitch Ratings affirmed Banco John Deere SA's national long- and short-term ratings at AAA(bra) and F1+(bra), respectively.
* Fitch Ratings affirmed Banco CNH Industrial Capital SA's long- and short-term ratings at AAA(bra) and F1+(bra), respectively.
* Fitch Ratings affirmed Sul América SA's long- and short-term local and foreign currency issuer default ratings at BB- and B, respectively. It also affirmed the insurer's long- and short-term national ratings at AA-(bra) and F1+(bra), respectively.
Sept. 30
* Moody's affirmed Deutsche Bank México SA Institución de Banca Múltiple's trustee quality assessment at TQ2-.mx. It also affirmed the common representative quality assessment of Deutsche Bank México's trustee division at CRQ2-.mx.
* Fitch Ratings affirmed Banco Nacional de las Exportaciones (BANDEX) SA's long-term national risk rating at AA+(dom).
* Fitch Ratings affirmed Banvida S.A.'s long-term national scale ratings at A+(cl).
