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LatAm ratings wrap: Fitch revises outlook on 6 Argentine financial companies

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LatAm ratings wrap: Fitch revises outlook on 6 Argentine financial companies

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.

May 11

* Fitch Ratings revised the outlook on Banco Interamericano de Finanzas SA's BBB- long-term foreign and local currency issuer default ratings and at the same time affirmed them.

* Fitch Ratings revised the outlook on the long-term issuer default ratings of six Argentine financial institutions to stable from positive.

* Fitch Ratings affirmed Scotiabank Perú SAA's long-term foreign and local currency issuer default ratings at A- and A+, respectively, and the short-term foreign and local currency issuer default rating at F1. The rating agency also affirmed the bank's viability rating at bbb+.

* Fitch Ratings affirmed BBVA Banco Continental SA's long-term foreign and local currency issuer default ratings at BBB+, the short-term foreign and local currency issuer default ratings at F2, the viability rating at bbb+, and the support rating at 2.

* Fitch Ratings affirmed Banco de Crédito del Perú's long and short-term foreign and local currency issuer default ratings at BBB+ and F2, respectively, its viability rating at bbb+, its support rating at 2, and its support rating floor at BBB.

* Fitch Ratings affirmed Intercorp Financial Services Inc.'s long- and short-term foreign and local currency issuer default ratings at BBB and F3, respectively.

* Fitch Ratings affirmed Banco Internacional del Perú SAA's long- and short-term foreign and local currency issuer default ratings at BBB+ and F2, respectively. The rating agency also affirmed the viability rating at bbb+, the support rating at 2, and the support rating floor at BBB.

May 10

* S&P Global Ratings affirmed Seguros Generales Suramericana SA's financial strength and credit risk ratings at BBB-, while assigning a stand-alone credit profile of bbb-. Also, S&P affirmed and then withdrew the BBB- financial strength and credit risk ratings of Seguros De Vida Suramericana SA and Seguros de Riesgos Laborales Suramericana SA at the request of the issuer.

May 9

* S&P Global Ratings affirmed and subsequently withdrew all the ratings of Mexico-based Fincomún, Servicios Financieros Comunitarios SA de CV SFP at the request of the issuer.

* Fitch Ratings affirmed Metrobank SA's long and short-term national scale ratings at A-(pan) and F1(pan), respectively.

* Fitch Ratings affirmed Multibank Inc.'s long and short-term foreign currency issuer default ratings at BBB- and F3, and the viability rating at bbb-.

* Fitch Ratings affirmed Banco Nacional de Panamá's long and short-term issuer default ratings at BBB and F2, its national long and short-term ratings at AA+(pan) and and F1+(pan), its viability rating at bbb, its support rating at 2, and its support rating floor at BBB.

* Fitch Ratings affirmed RIMAC Seguros y Reaseguros SA's insurer financial strength rating at BBB.

* A.M. Best affirmed the financial strength ratings of J. Malucelli Seguradora SA and J. Malucelli Resseguradora SA at A-(Excellent), and their long-term issuer credit ratings at a-.

* S&P Global Ratings affirmed Fondo de la Vivienda del Instituto de Seguridad y Servicios Sociales de los Trabajadores del Estado's long and short-term issuer credit ratings at mxAAA and mxA-1+.

* Fitch Ratings affirmed Caja de Ahorros' national long and short-term ratings at AA+(pan) and F1+(pan).

* Fitch Ratings affirmed Pacífico Compañía de Seguros y Reaseguros SA's insurer financial strength rating at BBB.

* Fitch Ratings revised the outlook on the national long-term rating of Punto Casa de Bolsa, SA de CV to positive from stable, and affirmed its long and short-term national scale ratings at A-(mex) and F2(mex).

* Fitch Ratings affirmed Banco Panameño de la Vivienda SA's long and short-term national ratings at A+(pan) and F1(pan). Fitch also affirmed Grupo Mundial Tenedora SA's long and short-term national ratings at A(pan) and F1(pan).

* Fitch Ratings revised to positive from stable its outlook on the long-term national ratings of Banco Azteca El Salvador SA, Banco Azteca de Guatemala SA, and Banco Azteca (Panama), SA.

* Fitch Ratings affirmed Towerbank International Inc.'s long and short-term national ratings at A(pan) and F1(pan), respectively.

* Fitch Ratings affirmed the national scale long- and short-term ratings of Banesco SA at BBB(pan) and F3(pan), respectively, and likewise affirmed the long- and short-term national ratings of Banesco Banco Múltiple SA at A-(dom) and F1(dom), respectively.

* S&P Global Ratings affirmed Uruguay's long-term foreign and local currency sovereign credit ratings at BBB, and affirmed the short-term foreign and local currency ratings at A-2.

* Fitch Ratings affirmed Colombia's long-term foreign and local currency issuer default ratings at BBB, short-term foreign and local currency issuer default ratings at F2, and country ceiling at BBB+.

May 8

* Moody's changed the outlook on Plan Seguro SA de CV Compania de Seguros to stable from negative, reflecting improvements in its profitability and capitalization metrics in 2017. The rating agency also affirmed the insurer's global local currency insurance financial strength rating at Baa3 and its Aa3.mx Mexican national scale ratings.

* Fitch Ratings placed the ratings of Venezuela-based Banesco Banco Universal CA on rating watch negative.

* Fitch Ratings affirmed Allianz Colombia SA's national scale rating at AA+(col).

* Moody's affirmed Garantía de Valores SGR's global local currency scale insurance financial strength rating at B1, and the Argentine national scale insurance financial strength rating at Aa3.ar.

* S&P Global Ratings affirmed Banco Patagonia SA's long and short-term local and foreign currency ratings at B+ and B, respectively.

May 7

* S&P Global Ratings affirmed Banco de Credito e Inversiones SA's long and short-term issuer credit ratings at A and A-1, respectively. The a- stand-alone credit profile was kept unchanged.

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.