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Fitch ups outlook on El Salvador's Integral to positive

Fitch Ratings on Oct. 11 affirmed El Salvador's Sociedad de Ahorro y Crédito Apoyo Integral SA's long-term national rating at BBB(slv) and raised the outlook to positive from stable.

Meanwhile, Fitch maintained the company's F3(slv) short-term national rating.

The rating agency said it raised the outlook due to an improvement in the funding and liquidity profile of the company with deposits from the public on the rise.

The positive outlook also considers "Fitch's expectations that the other factors related to its financial profile continue to strengthen in a sustained manner."

If the positive outlook leads to an upgrade in the long-term ratings, it could also raise the short-term national rating, Fitch said.