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LatAm ratings wrap: Fitch lowers outlook on 2 Uruguay banks, upgrades CIBanco

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. 12

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

* Fitch Ratings assigned BBB+ long-term foreign and local currency issuer default ratings and F2 short-term foreign and local currency issuer default ratings to Asigna, Compensación y Liquidación F/30430 Fiso Bancomer SA. Fitch also affirmed Asigna's long- and short-term national ratings at AAA(mex) and F1+(mex), respectively.

Oct. 11

* Fitch affirmed Sociedad de Ahorro y Crédito Apoyo Integral SA's long-term national rating at BBB(slv) and raised the outlook to positive from stable. Fitch maintained the company's F3(slv) short-term national rating.

* A.M. Best upgraded the financial strength rating to A- (Excellent) from B++ (Good), the long-term issuer credit rating to "a-" from "bbb+", and the Mexico national scale rating to "aaa.MX" from "aa+.MX" of General de Seguros SAB. The outlook on the ratings is stable.

* Fitch revised its outlook on the long-term issuer default ratings of Scotiabank Uruguay SA and HSBC Bank (Uruguay) SA to negative from stable.

* Fitch affirmed La Hipotecaria SA de CV's long- and short-term national scale ratings at AA+(slv) and F1+(slv), respectively.

* Fitch affirmed Federación de Cajas de Crédito y de Bancos de los Trabajadores SC de RL de CV's long- and short-term national scale ratings at A(slv) and F1(slv), respectively.

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

* Fitch affirmed Multi Inversiones Banco Cooperativo De Los Trabajadores SC De RL De CV's long-term national scale rating at BBB+(slv), with a stable outlook.

Oct. 10

* Fitch upgraded the long-term national scale ratings of CIBanco SA Institución de Banca Múltiple, CI Casa de Bolsa SA de CV and Finanmadrid México SA de CV SOFOM Entidad Regulada to A(mex) from A-(mex). The rating agency also raised the short-term national ratings on the three firms to F1(mex) from F2(mex).

* Fitch withdrew its RMS1- master servicer rating on Brazilian Securities Companhia de Securitização.

* Fitch affirmed Banco Monex SA Institución de Banca Múltiple Monex Grupo Financiero's long- and short-term national scale ratings at A+(mex) and F1(mex), respectively. It also affirmed the same ratings on Intercam Banco SA Institución de Banca Múltiple Intercam Grupo Financiero and Banco Base SA Institución de Banca Múltiple Grupo Financiero Base at A(mex) and F1(mex).

Oct. 9

* Fitch affirmed Tarjeta Naranja SA's long-term foreign and local currency issuer default ratings at B, with a stable outlook.

* Fitch affirmed Citibank N.A. Sucursal Republica Dominicana's long- and short-term national scale ratings at AAA(dom) and F1+(dom), respectively.

* Fitch affirmed Banco de la Ciudad de Buenos Aires's long-term foreign and local currency issuer default ratings at B and viability rating at "b."

* Fitch affirmed Banco Supervielle SA's foreign and local currency long-term issuer default ratings at B, with a stable outlook.

* S&P affirmed Banco Morgan Stanley SA's long- and short-term national scale issuer credit ratings at brAAA and brA-1+, respectively.

* Fitch affirmed Banco Hipotecario SA's foreign and local currency long-term issuer default ratings at B and its viability rating at "b."

* Fitch affirmed Banco Nacional de las Exportaciones (BANDEX) SA's long-term national scale risk rating at AA+(dom).

* Fitch affirmed Bank of Nova Scotia - Dominican Republic Branch's long-term national scale rating at AAA(dom), with a stable outlook.

Oct. 8

* Moody's withdrew all of Banco Fassil SA's ratings.

* Fitch affirmed the long-term national scale ratings of Banco de América Central SA and Inversiones Financieras Banco de América Central, S.A. at AAA(slv) and their short-term national ratings at F1+(slv).

* Fitch affirmed Banco Cuscatlán de El Salvador SA's long-term national scale rating at AA+(slv).

* Fitch affirmed its long-term national ratings on Banco Davivienda Salvadoreno SA and Inversiones Financieras Davivienda SA at AAA(slv) and their short-term national ratings at F1+(slv).

* Fitch affirmed Scotiabank El Salvador SA's long-term national rating at AAA(slv).

* Fitch affirmed its long-term national scale ratings on Banco Agrícola SA and Inversiones Financieras Banco Agrícola SA at AAA(slv) and their short-term national ratings at F1+(slv).

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.