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.
Aug. 30
* Fitch Ratings downgraded Argentina's long-term foreign and local currency issuer default ratings to restricted default from CCC. DBRS downgraded Argentina's long-term foreign and local currency issuer ratings to CC from B/B (high). Moody's lowered Argentina's foreign and local currency long-term issuer and senior unsecured ratings to Caa2 from B2. S&P Global Ratings, meanwhile, upgraded the country's foreign and local currency sovereign credit ratings to CCC-/C and short-term issue ratings to C from D.
* Fitch affirmed Chile's long-term foreign currency issuer default rating at A, with a stable outlook.
* Fitch affirmed Consubanco SA Institución de Banca Múltiple's long-term foreign and local currency issuer default ratings at BB- and its short-term ratings at B.
* S&P Global Ratings affirmed Terra Brasis Resseguros SA's issuer credit rating at brAA+.
* S&P Global Ratings affirmed Seguros Atlas SA's financial strength and long-term national scale ratings at mxAAA.
Aug. 29
* AM Best revised the outlooks to positive from stable and affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of "a-" for Seguros Suramericana SA.
* Fitch revised its outlook on both Corporativo GBM SAB de CV and Grupo Bursátil Mexicano SA de CV Casa de Bolsa to negative from stable.
* S&P Global Ratings downgraded Argentina's sovereign credit ratings to selective default.
* Moody's revised its outlook on Mexico's banking system to negative from stable.
* S&P Global Ratings affirmed Austral Seguradora SA and Austral Resseguradora SA's issuer credit ratings at brAAA.
* Fitch affirmed Bradesco Seguros SA's insurer financial strength rating at BB and its national insurer financial strength at AAA(bra).
* Fitch affirmed Banco Consorcio's national long- and short-term ratings at AA-(cl) and N1+(cl), respectively.
* Fitch affirmed Valores Mexicanos Casa de Bolsa SA de CV's national long- and short-term counterparty risk ratings at AA(mex) and F1+(mex), respectively.
* Fitch affirmed Actinver Casa de Bolsa SA de CV Grupo Financiero Actinver and Banco Actinver SA Institución de Banca Múltiple Grupo Financiero Actinver's long- and short-term national counterparty risk ratings at AA(mex) and F1+(mex), respectively.
* Fitch affirmed Vector Casa de Bolsa SA de CV's national long- and short-term counterparty risk ratings at BBB+(mex) and F2(mex), respectively.
* Fitch affirmed the national scale ratings of BICECORP SA and Banco BICE at AA(cl).
* Fitch affirmed Casa de Bolsa Finamex SAB de CV's national long- and short-term counterparty risk ratings at A-(mex) and F1(mex), respectively.
* S&P Global Ratings affirmed Banco Nacional de Obras y Servicios Públicos SNC's global scale issuer credit ratings at BBB+/A-2. It also affirmed the bank's national scale ratings at mxAAA/mxA-1+.
Aug. 28
* S&P Global Ratings affirmed Banco Finterra SA Institución de Banca Múltiple's long- and short-term national issuer credit ratings at mxBBB and mxA-2, respectively.
Aug. 27
* Fitch affirmed MAPFRE Seguros Honduras SA's long-term insurer financial strength rating at AA(hnd).
* S&P Global Ratings affirmed American Express Bank (México) SA Institución de Banca Múltiple's national long- and short-term issuer credit ratings at mxAAA and mxA-1+, respectively.
Aug. 26
* Fitch downgraded the insurer financial strength ratings of Argentine insurers Nación Seguros SA, Nación Reaseguros SA, and Nación Seguros de Retiro SA to CCC from B.
* S&P Global Ratings downgraded its global scale issuer credit and financial strength ratings on Allianz México SA Cia. de Seguros to BBB+ from A-, maintaining a negative outlook.
* Fitch revised the rating outlooks of Ecuadorian banks Banco Pichincha CA, Banco de la Producción SA and Banco Guayaquil SA to stable from negative.
This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.
