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LatAm ratings wrap: Fitch downgrades Suriname, reviews Mexarrend


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LatAm ratings wrap: Fitch downgrades Suriname, reviews Mexarrend

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.

Jan. 16

* Fitch Ratings downgraded its long- and short-term foreign currency issuer default ratings on Suriname to CCC/C from B-/B. It also downgraded Suriname's long-term senior unsecured ratings to CCC from B- and affirmed the country's local currency ratings at B-/B, with a negative outlook.

Jan. 15

* Fitch placed the ratings of Mexarrend SAPI de CV, which was formerly known as Docuformas SAPI de CV, on Rating Watch Negative.

Jan. 13

* Fitch withdrew Banco do Brasil SA - Sucursal Chile's BBB+(cl) long-term and N2(cl) short-term national deposit ratings due to commercial reasons.