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.

July 27

* Fitch Ratings rectified an error in a criterion of Chile's short-term local currency issuer default rating, and subsequently upgraded Chile's short-term local currency rating to F1+ from F1.

* Moody's downgraded the senior unsecured debt and deposit ratings of Banco de Chile, Banco del Estado de Chile, Banco Santander Chile, Banco Bilbao Vizcaya Argentaria Chile SA and Banco de Credito e Inversiones SA, while revising their outlooks to stable from negative. The rating agency likewise affirmed Itaú CorpBanca's deposit and counterparty risk ratings.

* Fitch Ratings affirmed Seguros Reservas SA's national scale financial strength rating at AA-(dom).

July 26

* Moody's downgraded Chile's issuer and senior unsecured debt ratings to A1 from Aa3 and changed the outlook to stable from negative.

* A.M. Best affirmed Stewart Title Guaranty de Mexico SA de CV's financial strength rating at A-(Excellent), long-term issuer credit rating at "a-," and Mexico National Scale Rating at "aaa.MX."

July 25

* Fitch Ratings affirmed FORUM Servicios Financieros SA's long- and short-term national scale ratings at AA(cl) and N1+(cl), respectively.

July 24

* Fitch Ratings upgraded MAPFRE BHD Compania de Seguros SA's national rating to AAA(dom) from AA+(dom) with a stable outlook.

July 23

* S&P Global Ratings lowered Nicaragua's long-term foreign- and local-currency sovereign credit ratings to B from B+ with a negative outlook.

* Fitch Ratings affirmed and subsequently withdrew Pan Seguros SA's BBB+(bra) national insurer financial strength rating.

* Fitch Ratings upgraded and subsequently withdrew the ratings of Banco Interacciones SA Institución de Banca Múltiple and Interacciones Casa De Bolsa SA de CV.

* Fitch Ratings affirmed HSBC México SA Institución de Banca Múltiple Grupo Financiero HSBC's long- and short-term foreign and local currency issuer default ratings at A and F1, respectively, plus its viability rating at "bbb-."

* Fitch Ratings affirmed BBVA Bancomer SA Institución de Banca Múltiple Grupo Financiero BBVA Bancomer's long- and short-term foreign and local currency issuer default ratings at A- and F1, respectively, plus its viability rating at "a-." The rating agency also affirmed the national scale long- and short-term ratings at AAA(mex) and F1+(mex), respectively.

* Fitch Ratings affirmed Banco Nacional de México SA Integrante del Grupo Financiero Banamex's long and short-term foreign and local currency issuer default ratings at A and F1, respectively, its viability rating at "a-," and its long- and short-term national scale ratings at at AAA(mex) and F1+(mex), respectively. Fitch likewise affirmed the national-scale ratings of Citibanamex Casa De Bolsa SA De CV and Tarjetas Banamex SA de CV SOFOM ER at AAA(mex) and F1+(mex).

* Fitch Ratings affirmed Banco Santander (México) SA Institución de Banca Múltiple's long- and short-term foreign and local currency issuer default ratings at BBB+ and F2, respectively; the national scale long- and short-term ratings at AAA(mex) and F1+(mex), respectively; and the viability rating at "bbb+."

* Fitch Ratings maintained on rating watch negative the BBB+ and F2 long- and short-term foreign and local currency issuer default ratings of Grupo Financiero Banorte SAB de CV and Banco Mercantil del Norte SA Institución de Banca Múltiple, as well as their viability ratings at "bbb+." It also maintained on rating watch negative the AAA(mex) and F1+(mex) national scale long- and short-term ratings of Arrendadora y Factor Banorte SA de CV SOFOM E.R., Almacenadora Banorte SA de CV and Casa de Bolsa Banorte Ixe SA de CV.

* Fitch Ratings affirmed Banco Inbursa SA Institución de Banca Múltiple Grupo Financiero Inbursa's long- and short-term foreign and local currency issuer default ratings at BBB+ and F2, respectively, and its viability rating at "bbb+." It also affirmed Sofom Inbursa SA de CV SOFOM ER Grupo Financiero Inbursa's national scale long- and short-term ratings at AAA(mex) and F1+(mex), respectively.

* Fitch Ratings affirmed Scotiabank Inverlat SA Institución de Banca Múltiple and Scotia Inverlat Casa de Bolsa SA de CV's long- and short-term national scale counterparty ratings at AAA(mex) and F1+(mex), respectively.

* S&P Global Ratings affirmed Banco Security SA's long- and short-term issuer credit ratings at BBB and A-2, 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.