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LatAm ratings wrap: S&P revises outlook on Nicaragua, downgrades Barbados

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LatAm ratings wrap: S&P revises outlook on Nicaragua, downgrades Barbados

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.

June 8

* Fitch Ratings removed Banco Original SA's ratings from Rating Watch Negative and assigned a negative outlook on the bank's B+ long-term foreign and local currency issuer default ratings and BBB(bra) long-term national rating.

* S&P Global Ratings revised its outlook on Nicaragua to negative from stable, citing the country's ongoing political unrest, and likewise affirmed Nicaragua's B+/B foreign and local currency sovereign credit ratings.

June 7

* Fitch Ratings raised its long-term national scale rating on Banco Ficohsa Guatemala SA to BB(gtm) from BB-(gtm), with a stable outlook, while affirming the bank's short-term national rating at B(gtm).

* Fitch Ratings affirmed Banco INV SA's long- and short-term national ratings at B+(gtm) and B(gtm), respectively.

June 6

* S&P Global Ratings downgraded the long-term foreign currency sovereign issuer credit ratings on Barbados to SD, or selective default, from CCC+/C.

* Fitch Ratings affirmed Sagicor Financial Corp.'s long-term issuer default rating at B.

* Fitch Ratings affirmed Alianza Fiduciaria SA's national scale rating at Excellent(col).

* S&P Global Ratings affirmed HDI Seguros SA de CV's national scale financial strength rating at "mxAAA."

June 5

* S&P Global Ratings affirmed Instituto del Fondo Nacional de la Vivienda para los Trabajadores' long- and short-term foreign and local currency global scale ratings at BBB+ and A-2, respectively. The rating agency also affirmed the long- and short-term national scale issuer credit ratings at "mxAAA" and "mxA-1+," respectively.

June 4

* S&P Global Ratings affirmed Argentina's long- and short-term sovereign credit ratings at B+ and B, respectively, the transfer and convertibility assessment at BB-, and the national-scale ratings at "raAA."

* DBRS confirmed Argentina's long-term foreign and local currency issuer ratings at B and B (high), respectively, and also confirmed the short-term foreign and local currency issuer ratings at R-4.

* Fitch Ratings affirmed Seguros El Roble SA's national insurance financial strength rating at AA(gtm).

* Fitch Ratings affirmed Fianzas El Roble SA national insurance financial strength rating at AA(gtm).

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.

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