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 15
* Fitch Ratings upgraded Mercader Financial SA SOFOM ER's long-term national scale rating to A-(mex) from BBB+(mex), and affirmed the short-term rating at F2(mex).
* S&P Global Ratings affirmed Peru's long-term foreign and local currency sovereign credit ratings at BBB+ and A-, respectively. The short-term foreign and local currency sovereign credit ratings were also both affirmed at A-2, while the transfer and convertibility assessment was affirmed at A.
* DBRS discontinued and withdrew its ratings on Mexico's Nacional Financiera S.N.C. Institución de Banca de Desarrollo, upon the rating agency's discretion.
* DBRS withdrew its ratings on Mexico's Unión de Crédito para la Contaduría Pública SA de C.V., at the rating agency's discretion.
* Fitch Ratings placed the national ratings of Banco LAFISE BANCENTRO SA, Banco de Finanzas SA, Banco Ficohsa Nicaragua SA, CrediFactor SA, Financiera Finca Nicaragua SA, Financiera Fundeser SA and Banco de Fomento a la Producción under rating watch negative.
* Fitch Ratings affirmed Docuformas SAPI de CV's long-term local and foreign currency issuer credit ratings at B+, and the short-term local and foreign currency issuer credit ratings at B. The rating agency also affirmed the long and short-term national scale ratings at BBB+(mex) and F2(mex), respectively.
* Fitch Ratings affirmed UNIFIN Financiera SAB de CV SOFOM ENR's long-term global local and foreign currency ratings at BB, as well as its short-term global local and foreign currency ratings at B. The rating agency also affirmed the long and short-term national scale ratings at A(mex) and F1(mex), respectively.
June 14
* S&P Global Ratings affirmed Bansi SA Institución de Banca Múltiple's national scale long- and short-term issuer credit ratings at "mxA+" and "mxA-1," respectively.
* Fitch Ratings affirmed Banco del Bajío SA Institución de Banca Múltiple's long-term foreign and local currency issuer default ratings at BBB- and the short-term foreign and local currency IDRs at F3. The rating agency also affirmed the long and short-term national ratings at AA(mex) and F1+(mex), respectively.
* Fitch Ratings maintained Banco Interacciones SA Institución de Banca Múltiple's long and short-term foreign and local currency issuer default ratings of BB+ and B, respectively, as well as its "bb+" viability rating, on rating watch positive. Also, the A+(mex) and F1(mex) national scale long and short-term ratings of both Banco Interacciones and Interacciones Casa De Bolsa SA de CV were kept on rating watch positive.
June 13
* Moody's revised its outlook on Nicaragua's ratings to stable from positive, citing the weakening of consensus-building institutions and political unrest.
* Fitch Ratings affirmed El Salvador's long-term foreign and local currency issuer default ratings at B-, its short-term foreign and local currency issuer default ratings at B, and its country ceiling at B.
* Fitch Ratings affirmed Seguros Atlantida SA's national scale insurance financial strength rating at AA(hnd).
June 12
* S&P Global Ratings revised its outlook on Corporación Andina de Fomento to negative from stable, due to the possibility of Venezuela not paying its debt to the multilateral lender.
* Fitch Ratings affirmed Seguros Bolivar Honduras SA's insurance financial strength rating at AA+(hnd).
* Fitch Ratings affirmed Seguros Crefisa SA's insurance financial strength rating at A(hnd).
* S&P Global Ratings affirmed Banco de Bogotá SA's long and short-term global scale issuer credit ratings at BB+ and B, respectively.
* S&P Global Ratings affirmed the long and short-term national issuer credit ratings of Banco Credit Suisse (México) SA Institución de Banca Múltiple and Casa de Bolsa Credit Suisse México SA de C.V. at "mxAAA" and "mxA-1+," 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.
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